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Brazil remains vulnerable – BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In opinion of analysts at BBH, the perspective for the Brazilian economy remains fragile.

    Key Quotes

    COPOM meets Wednesday and is expected to keep rates steady at 14.25%”.

    “Before the decision, Brazil reports February FIPE and January PPI inflation. Press reports suggest more in the PT are calling on Rousseff to abandon austerity and to embrace pro-growth policies, which would include rate cuts”.

    “Q4 GDP will be reported Thursday, which is expected at -5.8% y/y vs. -4.5% in Q3. Brazil reports January IP Friday. Fiscal numbers last week were a bit better than expected, but due in large part to some one-off events. With GDP still contracting, the fiscal outlook remains poor”.
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