New Cycle of Selic Rate Cuts
The Monetary Policy Committee decided, for the fifth consecutive time, to reduce the basic interest rate by 0.25 percentage points. With this, the Selic rate reached 13.75% per year at the meeting held on Wednesday (16).
Limited Impact on the Real Estate Market
Despite monetary easing, the real estate investment funds index (IFIX) did not show an immediate reaction. Experts point out that the movement depends on factors other than the interest rate cut.
- Inflation expectations still high
- Demand for real estate credit at a moderate pace
- Fiscal uncertainties affecting investor confidence
What Drives the IFIX Now
Analysts emphasize that fund appreciation depends more on economic recovery and the performance of sectors linked to retail and offices than just on the interest rate. The market awaits new activity data to define the next step.
Outlook for the Coming Months
The cycle of cuts should continue, but at a gradual pace. Meanwhile, managers recommend focusing on funds with quality assets and good liquidity to face current volatility.