Brazil Savings Rate Signal Further Selic Lows: Analysts

May 7, 2012

New Brazilian rules tying savings accounts to the Selic benchmark interest rate, rather than to a fixed rate, could open the door to Selic cuts beyond what was expected, analysts say. "The government would not buy the political cost of making this change if it wasn't to bring rates towards...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management