Growth of 2Q GDP May Slow Down Pace of Brazil Interest Rate Cuts
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
RABO NA (Cooperatieve Rabobank UA)
People
Mauricio Oreng (Banco Rabobank International Brasil SA)
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UUID: 7947283
(Bloomberg) -- Confirmation that Brazil’s economy might be heading towards the end of the recession may reduce Brazil’s Central Bank sense of urgency to cut more deeply the country’s interest rate, says Rabobank analyst Mauricio Oreng in report.
- Bank expects next Central Bank’s meeting statement to signal a slowdown in the pace of interest rates cuts, with 0.50 pp and 0.25 pp cuts in October and December meetings, respectively
- Brazil’s GDP points to a still gradual process of stabilization, but more widespread, aided by net consumption, exports, services and agricultural sector, according to the report
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
RABO NA (Cooperatieve Rabobank UA)
People
Mauricio Oreng (Banco Rabobank International Brasil SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283