Brazil Weighs 25 Versus 50

Brazil Weighs 25 Versus 50

Brazil Economy & Policy

A hike is expected when Brazil’s central bank meets today, though the market can't agree on whether it will be a 25bp or 50bp raise. Itau sees a 50bp increase to 8.0%, though like many banks, it anticipates the decision to be split. Nomura says the committee’s recent language may suggest a more gradual shift. “We think this will likely translate in a split decision for a 25bp rate hike with two members voting for 50bp hike,” it says. “If, in July, the much-expected and eagerly-anticipated fall i

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