BCB May Cut Key Rate by 125Bps Two Consecutives Meetings: Modal
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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Modal Asset Gestao (Banco Modal SA)
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UUID: 7947283
(Bloomberg) -- (Translated by Google and reviewed by editors.)
- Modal Asset reduces Selic’s estimate at the end of 2017 from 9% to 8.5%, with two consecutive cuts of 125bps, followed by cuts of 75bps and 50bps, says Modal partner and manager Luiz Eduardo Portella.
- Projection for 2017 CPI reduced from 4% to 3.80%
- Reasons for changes are acceleration of services inflation drop, in addition to restrictive instances by BNDES, public banks and fiscal policy
- “It is time for the BC to help stimulate the economy given that inflation is controlled and with a downward trend,” says Portella
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Modal Asset Gestao (Banco Modal SA)
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To modify this alert, click here
UUID: 7947283