A worrying flare-up in Brazilian domestic politics, alongside mounting coronavirus fears and a widening current account deficit, is likely to keep Brazil’s financial markets and the real under pressure. Otherwise, the hawkish minutes from Banxico’s February meeting support our view that its easing cycle will end sooner than investors expect. Finally, we suspect that the recent jump in Ecuadorian dollar bond spreads may have run its course.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services