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Asian Market Update: Brazil Cuts More Than Expected

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 12, 2017.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Brazil central Bank cut rates by a wider than expected 75bps (50bp expected) to 13.00% - the largest cut since 2012. BCB also lowered its 2017 and 2018 inflation projections as it signalled an intensification of monetary easing to address disinflation, weak economic growth, and expectations of more uncertainty in global economy.[​IMG]

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