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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBofA: More Focus On Fiscal Risks, Uncertainty Regarding The External Context
- BofA expect the Copom (Monetary Policy Committee) to maintain the Selic Rate at 13.75% in its December meeting. The lagged effects of the monetary tightening cycle and the convergence of expectations closer to the upper band of the target for the relevant horizon for the BCB (mainly 2024) support BofA’s view that BCB's next move will be a cut, but only next year.
- The main message should remain the same from the last two meetings, pointing that rates will remain at the current level for longer, with more focus on the fiscal risks and on the uncertainty regarding the external context.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.