HALISTER1: Brazil’s Retail Sales Doesn’t Change BCB Policy: CM Capital

Brazil’s Retail Sales Doesn’t Change BCB Policy: CM Capital

(Bloomberg) -- Decrease of retail sales in August does not justify a change in the monetary policy trajectory of the Brazil Central Bank, said Camila Abdelmalack, an economist at CM Capital Markets, in a telephone interview.
  • "Fall in August came after four consecutive highs"
  • "I do not believe that they will intensify the cut because of this data"
  • Outlook shows a slow recovery of the economic activity
  • "Maybe the Selic could go below 7%, but more because of inflation"
  • NOTE: Brazil August Retail Sales -0.5% M/m; Est. +0.1%
To contact the translator on this story: Daniela Milanese in Sao Paulo at dmilanese@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 Maria Luiza Rabello

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Camila Abdelmalack (Cm Capital Markets Corretora De Cambio Titulo E Valores Mobiliarios Ltda)

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