Brazil Most at Risk from UST Jump: Economist
As Latin markets dig in for extended volatility and policymakers grapple with the fallout of rising UST yields on local currencies, prices and interest rates, Brazil faces the toughest macro situation, Guillermo Calvo, a former IDB chief economist, says. “I see Brazil, for example, being reluctant for its currency to devalue because they feel there’s going to be very quick transmission from devaluation into inflation. The last thing...
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