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Finance Minister Haddad Says BCB Has Window Of Opportunity To Cut Rates

BRAZIL
  • Comments hitting the wires from Finance Minister Fernando Haddad:
    • Trade in local currencies is a concrete possibility
    • Strong commercial partners can use local currencies
    • Brazil cenbank has window of opportunity to cut rates
    • Current rate level makes many investments unfeasible
    • Haddad says he expects a drop in interest rates
    • Haddad says he doesn't expect early departure of BCB head (BBG)

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