TS Lombard Expects Brazil Central Bank to Cut Rates Again
TS Lombard's João Pedro Oliveira Fachetti expects the BCB to cut its Selic rate by a quarter of a percentage point on November 4 and again in December, bringing it to 13.25% by year-end. The note cites weaker activity as giving the central bank room to continue cutting.
TS Lombard's João Pedro Oliveira Fachetti says weaker activity is likely to give Brazil's central bank scope to continue lowering its high interest rates. In a note, he forecasts a quarter-percentage-point cut on November 4, followed by another reduction in December, which would bring the Selic rate to 13.25% by yea…