Brazil Expected to Reduce Easing Pace to 75bps: Credit Suisse
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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Nilson Teixeira (Banco de Investimentos Credit Suisse Brasil SA)
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UUID: 7947283
(Bloomberg) -- Credit Suisse reduced estimate for Selic rate cuts in July and September meetings to 75bps from 100bps, according to report signed by analysts led by Nilson Teixeira, after after Brazil’s central bank decision to cut benchmark rate by 100bps to 10.25%.
- More uncertain scenario for reforms, BCB’s recognition of higher probability of negative scenarios led to revision of base-case scenario
- BCB sees higher probability of delays in reforms, uncertain inflation scenario in those cases, Credit Suisse says, stating that political crisis raised uncertainty on reforms
- Congress unlikely to approve significant bills in next months, "especially those that require close coordination, such as social security reform,” Credit Suisse says
- Most likely scenario is that, if approved, reform will be watered down
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Nilson Teixeira (Banco de Investimentos Credit Suisse Brasil SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283