Brazil repeats rate cuts

Brazil repeats rate cuts

Corporate & Sovereign Strategy Brazil Economy & Policy

Brazil's central bank has lowered its benchmark lending rate by 100bp to 10.25% but signaled it could slow the pace of cuts in the months ahead. The Brazilian economy has stabilized, but the political uncertainty surrounding proposed labor and pension reforms could have a detrimental effect over the rest of the year, the bank's monetary policy committee, or Copom, said in a statement. Copom also said inflation expectations now stand at 4% for 2017 and 4.6% for 2018.  "This scenario assumes a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial