USD/BRL: Brazil’s President interfering monetary policy, additional downside pressure for Real – Commerzbank USDBRL Brazil Banks
Recent developments in Brazil are causing some concern
“If doubts were to arise about the autonomy of the central bank while the government also pursues an expansionary fiscal policy that would not be good“We can only hope that Lula will backpaddle again. If he was to keep flogging the same horse, then BRL might come under further depreciation pressure.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
Norge Siste Nytt, Norge Overskrifter
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