Interest should fall one point
This article was translated by an automatic translation system, and was therefore not reviewed by people.
There is a wide expectation of the Brazilian market with the definition of the basic interest rate (Selic), this decision will be taken Wednesday by the Economic Policy Committee of the Central Bank (Copom) of the Central Bank.
All expect the government to reduce interest rates again. The predominant market expectation is that the Selic rate is reduced from 11.25% to 10.25% annually. For the Stock Exchange, the process of reducing interest rates may encourage investors to more risk by buying shares.
- Front to the accumulation of fiscal stimulus measures, announced in the recent period, which resulted in the reduction of the primary surplus targets for this and for the years ahead, we believe that BC should decide by a slowdown in the pace of easing monetary policy this month - says, Maristella Ansanelli, chief economist at the bank Fiber.
- Reduce our expectations for a cut of 1.5 points in this meeting of the Selic Copom for a cut of only 1 point. Towards the end of the year, we maintain the expectation of a 8.75% Selic - complete.
The Central Bank President Henrique Meirelles, however, has to warn of over-optimism. He says there is still enough signs of resumption of the Brazilian economy, despite the positive indicators in some sectors.
- We must expect more signals to talk about recovery. It is too early to say that the work is ready.
Brazil, he said, should return to growth before many other countries because its economy is resilient and measures are being taken to stimulate activity.
U.S. to announce the first preview of GDP of the year
But there are likely to say that the Latin America, including Brazil, is already hitting the bottom, as was said on the eve of the director of the Western Hemisphere Department of the IMF, former Chilean Minister Nicolás Eyzaguirre.
Also on Wednesday, the committee of the U.S. central bank should move in interest, but the basic rate of the country is on your floor, oscillating in a range that goes from 0% to 0.25% per year. The same day, there will be another event of great impact: the first will be known prior to the U.S. GDP. The expectation is that the U.S. economy has suffered shrinkage around 4.7% in the first quarter of the year.
Source: Daily Catarinense
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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