Central Banks
Brazil Economists and Traders Split Over Next Interest Rate Move
- Major banks diverge on whether cuts are on the cards in 2025
- Swap curve shows traders are betting on interest rate rises
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A worsening inflation outlook and the upcoming replacement of Brazil’s top central banker have left economists and traders split over the direction of the nation’s next interest rate move.
The outlook is also clouded by uncertainty over when the US Federal Reserve will start to ease policy and concerns over Brazil’s fiscal outlook.