Brazil: September IPCA inflation expected at 9.48% - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at BBH, expect Brazil September IPCA inflation to rise by 9.48% y/y vs. 9.53% in August as higher fuel prices recently announced by Petrobras should put upward pressure on inflation, and so further tightening may be needed.

    Key Quotes

    “The first preview for October IGP-M wholesale inflation will be released Friday, and is expected to rise 9.1% y/y vs. 8.4% in September. While the panic has abated a bit, markets are still pricing in several rate hikes ahead that would take the SELIC rate up to 15.75% from 14.25% currently. Next policy meeting is October 21, but a move then seems too soon.”
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