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BCB Governor Campos Neto Indicates Positive Fiscal Signal Desirable

BRAZIL
  • Hard for government to cut expenses but a signal on fiscal side is needed
  • Current easing pace appropriate, we see 50 bps cuts in coming meetings
  • Since the last rate decision we have had a marginal change in the prospects for global scenario, a slow down seems to have started
  • Local inflation converging to what we had expected – Reuters News

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