6 November 2023 LatAm Monitor COPOM to Maintain Pace of Cuts, but Geopolitical Noise is a Threat
6th Nov 2023 02:11Latin America, Weekly Monitor
- Brazil’s COPOM cut the Selic rate by 50bp, and will keep this pace, as global risks are now a threat.
- A faster easing cycle is needed as the economy struggles and inflation remains in check.
- COPOM will be more dovish in Q1, potentially allowing bigger cuts, assuming the fiscal situation is benign.
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