HALISTER1: Brazil Govt Shows Strength in Congress W/ TLP Approval in House

Brazil Govt Shows Strength in Congress W/ TLP Approval in House

(Bloomberg) -- Although the opposition has tried to disrupt the process, approval of new TLP rate in lower house shows that govt still has the strength needed to pass the economic agenda through Congress, said manager of multimarket funds at XP Gestao Bruno Marques in a telephone interview.
  • Markets will celebrate because measure is extremely constructive in long term; it brings improvements to economy’s productivity, to fiscal sector
  • TLP rate not only may softens subsidies from govt, but also improves the profitability of BNDES
  • NOTE: Brazil House Approves Main Text of Interest Rate Bill
Original Story: XP Gestão: TLP reafirma força do governo no Congresso To contact the translator on this story: Danielle Chaves in Sao Paulo at djelmayer@bloomberg.net Reporter on the original story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Marisa Castellani

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Bruno Marques (Xp Investimentos Cctvm SA)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283