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2nd Feb 2023 16:12Latin America, Daily Monitor

  • Brazil’s BCB will keep interest rates on hold in H1, but policymakers are sticking to their cautious approach.
  • Increased fiscal uncertainty and unwelcome political noise are pushing inflation expectations higher.
  • We think the government will act sensibly, allowing the COPOM to cut rates in H2, but risks abound.

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Keywords for: 3 Feb 2023 LatAm Monitor

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