Brazil Seen Closer to End of Hiking

Brazil Seen Closer to End of Hiking

Brazil Economy & Policy

Analysts expect another hike from Brazil's central bank today, and will be watching for confirmation of expectations that authorities' tightening cycle may end in January. "The statement may contain a hint that the Copom is willing to reduce the pace of tightening (to 25bp) in the January meeting. Inflation has declined in recent months and economic activity remains moderate, with a likely decline of GDP in the third quarter. On the other hand, the exchange rate remains volatile," says Itau, one

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