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Brazil: BCB likely to hold rates - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, expects that the BCB will hold rates at 14.25%, but with two dissents for a +50bp hike to stay as underlying inflation dynamics remain unfavourable by most metrics.

    Key Quotes

    “The DI curve has flattened, partially on the back of expectations that the BCB is on hold in the coming months. However, this has occurred along with a general rally in Brazilian assets which has been helped by the mounting pressure on President Rousseff, and the pricing-in of an increased chance of impeachment.”
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