HALISTER1: BCB Minutes Show Bigger Chance of 25bps Cut in November: ARX

BCB Minutes Show Bigger Chance of 25bps Cut in November: ARX

(Bloomberg) -- Central bank minutes released today reinforced the view in meeting statement from last Wednesday, Solange Srour, chief economist at ARX Investimentos, says in a phone interview.
  • BCB kept cautious stance on services inflation and on the fact that fiscal reforms are a long process
    • Central bank also sees recent fluctuations in activity as “normal”
    • Potential acceleration of pace of rate cuts is data- dependent; considering remaining scenarios, BCB signals biggest probability of a 25bps cut at November meeting: ARX
  • NOTE: DI rates rise after BCB minutes; BRL gains 2nd day
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Solange Srour (Arx Investimentos)

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