Brazil Seen Ending Cuts

Brazil Seen Ending Cuts

Brazil Economy & Policy

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 the cycle is over, with the key discussion now whether the first tightening will come from rates or from macro prudential measures. “At this point the market perception is that the BCB would delay actual rate hikes for as long

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