Brazil rates on hold to 2014

Last night’s decision to cut Brazilian interest rates by 25bps to a new record low of 7.25% probably marks the end of the current easing cycle. But while most forecasters now expect the authorities to start hiking interest rates next year, we think they will remain on hold until 2014.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.