(Bloomberg) -- Brazil’s central bank will likely slow the pace of monetary easing after policymakers evoked growing economic and fiscal uncertainties to back...
-- Brazil ’s central bank will likely slow the pace of monetary easing after policymakers evoked growing economic and fiscal uncertainties to back off their guidance for an additional half-point cut to the benchmark interest rate.One Out of Every 24 New York City Residents Is Now a MillionaireTwenty-two of 32 analysts surveyed by Bloomberg expect the bank led by Roberto Campos Neto to lower the benchmark Selic by a quarter-point to 10.5% after markets close on Wednesday.
Reading from prepared notes, Campos Neto said a “big repricing” of assets in response to higher global rates could jeopardize Brazil’s central bank plans. While less global uncertainty would allow the board to carry on with half-point cuts, high volatility would force it to pare down the easing pace, he said.
“The global scenario requires a more cautious pace,” said Laiz Carvalho, Brazil economist at BNP Paribas. She expects a hawkish tone in the post-meeting statement and a unanimous decision to cut rates by 25 basis points. “We could see a debate about their pace in the minutes” to their rate decision.Central bankers could reinforce the importance of fulfilling fiscal pledges after President Luiz Inacio Lula da Silva’s government opened the door for more spending in 2025.
Donald Trump Is Headlining a GOP Event in Minnesota on the Same Day as Barron's Florida Graduation: Reports It has been a strong year for many TSX stocks. However, there are group of dividend stocks that you just don't want to touch right now. The post 3 TSX Stocks I Wouldn’t Touch With a 10-Foot Pole appeared first on The Motley Fool Canada.
Bloomberg Campos Neto Brazil Central Bank Southern Brazil Economic Scenarios Policymakers
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European Central Bank leaves rates unchanged as world's central banks wrestle with when to cutFRANKFURT, Germany (AP) — The European Central Bank left its key interest rate benchmark unchanged Thursday, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to support an economy that’s s
Read more »
Vietnam continues support for bank engulfed in massive fraud, central bank saysExplore stories from Atlantic Canada.
Read more »
Brazil’s Central Bank Are Set to Slow Pace of Rate Cuts After Changing GuidanceBrazil’s central bank will likely slow the pace of monetary easing after policymakers evoked growing economic and fiscal uncertainties to back off their guidance for an additional half-point cut to the benchmark interest rate.
Read more »
Spain’s Central Bank May Be Led by a Woman for the First TimeSpain may be about to become the first of the euro zone’s four biggest economies to name a woman to lead its central bank.
Read more »
Angola’s Central Bank Resumes FX Sales Amid Pressure on KwanzaAngola’s central bank resumed the sale of foreign currency to lenders, a move that could prevent the kwanza from weakening further as inflationary pressures mount in the southwest African nation.
Read more »
AI Risks to Financial Stability Are Already a Central Bank WorryDangers to financial stability posed by the development of artificial intelligence tools are already starting to become a worry, two central bank chiefs told a conference on Tuesday.
Read more »