Brazil Spending Cap, Developments on Lula Buoy BRL: Quantitas
Source: BFW (Bloomberg First Word)
People
Eduardo Longo (Quantitas Gestao de Recursos SA)
Henrique Meirelles (Brazil Secretaria do Tesouro National)
Luiz Inacio Da Silva (Federative Republic of Brazil)
Sergio Moro (Federative Republic of Brazil)
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UUID: 7947283
(Bloomberg) -- BRL reversed losses as reports showed that Finance Minister Meirelles seeks a spending cap for longer than previously expected term to stabilize the debt, Eduardo Longo, FI and multi-markets trading manager at Quantitas Gestao de Recursos says in a phone interview.
Alert: HALISTER1- Other reports signaling that proceedings against former president Lula may have a faster outcome than previously expected, reducing political uncertainty, also help to overshadow impact of concerns about Brexit
- NOTE: Top Court yday decided to send investigation of Lula back to lower court judge Sergio Moro; that means the process may be resolved before 2018 elections, reducing chances for the former president and Rousseff ally to come back to power, Longo says
- New BCB governor Goldfajn may start cutting rates in Oct.
Source: BFW (Bloomberg First Word)
People
Eduardo Longo (Quantitas Gestao de Recursos SA)
Henrique Meirelles (Brazil Secretaria do Tesouro National)
Luiz Inacio Da Silva (Federative Republic of Brazil)
Sergio Moro (Federative Republic of Brazil)
To de-activate this alert, click here
UUID: 7947283