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2nd Aug 2023 20:04Latin America, Daily Monitor

  • Brazil’s COPOM has joined the dovish trend, by cutting the Selic rate by a surprisingly bold 50bp.
  • This pace is likely to continue in upcoming meetings, but a faster easing cycle cannot be ruled out.
  • Manufacturing is struggling, but rate cuts are likely to boost private sector demand soon.

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Keywords for: 4 August 2023 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence