Free Trial

President Lula Says BCB Decision To Hold Rates Was a Shame

BRAZIL
  • "BRAZIL'S LULA: A SHAME CENBANK KEPT RATE ON HOLD" - [RTRS]
  • "LULA: PRESIDENT DOESN'T GET INVOLVED IN CENTRAL BANK DECISIONS"
  • "PRIVATE BANKS PREFER TO MAKE MONEY AT HIGH INTEREST RATES" (BBG)
  • The President's latest input coinciding with USDBRL erasing the entirety of the gap to Wednesday's close. Higher US yields and the stronger dollar likely contributing to the turnaround today, however, political squabbles and the associated concerns surrounding the trajectory for economic policy will likely remain the key driver for domestic asset prices. The full link to our latest BCB review is here: https://roar-assets-auto.rbl.ms/files/64922/MNI%20...

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.