Brazil’s New Long Term Rate to Be Approved in Congress: Analysts
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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Jose Goncalves (Banco Fator SA)
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UUID: 7947283
(Bloomberg) -- Lower house commission may approve report on creation of TLP, a new interest rate to be used by development bank BNDES, and bring positive bias for domestic assets in the short term, analysts say. But since TLP is not a controversial subject and does not require a high quorum, it is not seen as a good parameter for pension reform.
- TLP must pass the special committee on Tuesday, be sent to vote in the lower house on Wednesday and the Senate in the following week: Eurasia
- Tendencias consultancy sees greater chance of approval, but alerts for the risk of the provisional measure expiring on Sept. 6 if there is a delay in the process
- TLP is decisive and represents the concept of the new economic team in relation to BNDES, says Jose Francisco Gonçalves, chief economist at Banco Fator
- TLP is not "a very faithful thermometer" for the pension reform, since each theme has a different basis of support, says Thiago Vidal, political analyst of Prospectiva
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Jose Goncalves (Banco Fator SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283