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Brazil Capital Markets Push Seen Threatened By Rates Stance

Apr 17, 2013

Brazil’s central bank is likely to tighten monetary policy faster than expected to combat resurgent inflation – a move that could stunt the development of local capital markets, experts warn in advance of today’s interest rate decision. A consensus emerged on Tuesday among bankers and investors surveyed at the LatinFinance Brazil Issuers and Investors Forum that authorities will hike rates today by at least 25 basis points to 7.5%. “We have passed the point of no return,” says Marcelo Carvalho...

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

Jan Dehn, Ashmore Investment Management


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