C.Suisse sees signs of house price rises cooling off in Brazil (ex Rio): last 3 data points show annual hikes slowing to single-digit rates
Sounds like an interesting counterargument to those seeing an imminent crisis there. But AR still looks very vulnerable
More from MS analyst Volberg: combination of monetary tightening and a devalued currency effectively stopped the run on reserves
Morgan Stanley analyst: Argentina has actually delivered on two of the three steps needed to develop a more coherent macro policy stance
RIO DE JANEIRO/BRASILIA, March 6 (Reuters) – Brazil’s
central bank said on Thursday it will remain vigilant to
minimize the risk of high inflation despite some moderation in
price increases, signaling it may not be done raising interest
rates just yet.
The bank raised its benchmark lending rate last
week by 25 basis points to 10.75 percent after six straight
increases of 50 basis points each, slowing the pace of monetary
tightening to avoid hurting a fragile economy as inflation shows
signs of easing.