Brazil markets fall as central bank split decision triggers concern about dovish turn

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What's different a year after the wildfires? | SaltWire #novascotia #firefighting #wildfires #newsBRASILIA - Brazil's markets fell on Thursday after the central bank cut rates in a split decision that saw appointees of the current government advocating for a larger reduction, sparking concerns of a forthcoming dovish monetary policy influenced by politics.

"Combined with the already announced fiscal concerns, especially with the floods in Rio Grande do Sul, which could pave the way for further spending, the market has entered risk aversion mode," he added. These expectations have been increasing in recent weeks, and policymakers cited them as one factor behind higher uncertainties that ultimately justified the slower easing pace.

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