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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.
BRAZIL
- As expected, Brazil IPCA-15 inflation continues to increase, rising to 7.27% YoY in May (vs. 7.38% exp.) and up from 6.17% the previous month.
- We have seen that inflationary pressures have intensified in the EM market, with CPI inflation diverging significant from the CBB upper tolerance band of 4.75%.
- Hence, CBB has started a tightening cycle to reduce inflation risks and has already raised the Selic rate by 150bps since the start of the year to 3.5%.
- Economist expect the Selic rate to stand at 5.5% at the end of this year.
Source: Bloomberg/MNI
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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