Brazil | No time (yet) for a monetary easing
Published on Thursday, March 31, 2016
Brazil | No time (yet) for a monetary easing
Summary
According to the Copom, and in line with our view, the beginning of a monetary easing cycle is not imminent. Even though the monetary authority expects a larger decrease of GDP in 2016 (-3.5%), inflation forecasts were revised up and uncertainty related to the fiscal deterioration, “non-economic” events, inflation dynamics and the global environment were highlighted.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
Tags
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Documents and files
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