Brazil CPI Signals Shift in Rate-Cut Pace Unlikely: Sul America
Source: BFW (Bloomberg First Word)
People
Newton Rosa (Sul America Cia Nacional de Seguros)
Topics
First Word Agriculture
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UUID: 7947283
(Bloomberg) -- Above-estimate mid-month CPI in February reduces the chance that the central bank willo adopt a more dovish stance, Newton Rosa, chief economist at Sul America Investimentos, says in a phone interview.
Alert: HALISTER1- BCB likely to keep pace of 75bps cuts and release statement with similar message to prior meeting; if inflation were more tame, BCB could keep the pace, while changing the statement to signal bigger cuts in the meetings ahead
- Bets on a 100bps cut are likely to subside
- “The numbers shows that inflation is still alive and can’t be neglected”
- NOTE: Feb. IPCA-15 figure is the first to top estimates since July 2016
Source: BFW (Bloomberg First Word)
People
Newton Rosa (Sul America Cia Nacional de Seguros)
Topics
First Word Agriculture
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283