Aug 26, 2011
| Last Updated
Brazil: Central Bank to Remain on Hold; Q2 GDP to Show Deceleration
Figure 1: Brazil Monetary Policy and Inflation Dynamics
Source: IBGE, BCB and RGE
We expect that COPOM will keep rates unchanged at its monetary policy meeting next week. The markets are currently pricing in about a 40% chance of a 25-bp cut. Despite the very apparent economic slowdown, inflation, a lagging[...]
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