| On the Ground|

Brazil – COPOM may not be done

6 November 2012 22:15 GMT Bret Rosen , Italo Lombardi

  • Our meetings in Brazil left us with a less optimistic view on 2013 growth • If GDP growth falters, we would not be surprised to see the SELIC rate fall further • The BRL should continue to be range-bound in the near term • We maintain our recommendation to receive the January 2014 DI contract
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