Analysts predict repeated rate cuts in Brazil

Analysts predict repeated rate cuts in Brazil

Brazil Economy & Policy Corporate & Sovereign Strategy

Analysts expect Brazil's monetary policy committee, or Copom, to drop its benchmark lending rate below 10% at its next meeting on July 26.Alberto Ramos from Goldman Sachs and Marcelo Carvalho from BNP Paribas both see the Copom cutting its Selic rate by 100bp to 9.25% per year, as inflation remains below the central bank's target of 4.5%."The central bank is likely to slow down its pace eventually, so we now pencil in cuts of 75bp in September and 50bp in both October and December, pulling

Already have an account?

Free trial

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

Free Trial