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Brazil Seen Ending Cuts

Oct 19, 2012

Brazil’s central bank seems inclined to hold rates going forward, say analysts reading the statements following last week’s central bank meeting. The bank cut rates by 25bp to 7.25% in a 5-3 decision. Bank of America Merrill Lynch notes the bank’s minutes clearly indicate...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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