Free Trial

MNI BCB Preview - January 2024: Holding Course With 50BP Easing Pace

All surveyed analysts believe that the Copom will continue the easing cycle with another 50bp cut, bringing the Selic rate down to 11.25%.

Executive Summary

  • All surveyed analysts believe that the Copom will continue the easing cycle with another 50bp cut, bringing the Selic rate down to 11.25%.
  • Prior guidance in the December statement and most recent comments from central bank board members have reiterated that economic conditions remain consistent with this strategy.
  • However, market participants will be alert for any tweaks to the statement that provide clues on whether the easing pace could be adjusted in the first half of 2024.

Click to view the full preview:

MNI Brazil Central Bank Preview - January 2024.pdf

Fiscal Risks Remain As Government Discusses Payroll Tax Measures

Keep reading...Show less
287 words

To read the full story

Close

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.

Executive Summary

  • All surveyed analysts believe that the Copom will continue the easing cycle with another 50bp cut, bringing the Selic rate down to 11.25%.
  • Prior guidance in the December statement and most recent comments from central bank board members have reiterated that economic conditions remain consistent with this strategy.
  • However, market participants will be alert for any tweaks to the statement that provide clues on whether the easing pace could be adjusted in the first half of 2024.

Click to view the full preview:

MNI Brazil Central Bank Preview - January 2024.pdf

Fiscal Risks Remain As Government Discusses Payroll Tax Measures

Keep reading...Show less