Epstein Secrets

costs (10% of the index) also advanced to 0.90% from 0.27%, led by labor costs. We expect the IGP-M to rise approximately 0.50% in June. Sent From Bloomberg Mobile MSG This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an offic

COPOM minutes maintain hawkish tone, signaling further tightening: The BCB published the COPOM minutes explaining last week's decision to raise the SELIC rate by 50bps to 13.75%. There were very few changes in the document, suggesting that the tightening cycle will continue. We now expect another 50b

external accounts: we cut our current account deficit forecast to USD70.0bn from USD76bn for 2015, and to USD63bn from USD76bn for 2016. Sent From Bloomberg Mobile MSG This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an offic

d 2016 at BRL3.90/USD (instead of BRL3.40/USD and BRL3.65/USD, respectively). Despite the higher inflation, we continue to expect the BCB to cut the SELIC rate to 11.50% in 2016 (with the easing cycle still beginning in April), as we expect the authorities to throw in the towel and postpone convergenc

mengen-Ziel (DEUTSCHE BANK AG, LO) [mailto Sent: Thursday, March 05, 2015 01:04 AM To: Daniel Sabba Subject: Faria: Brazil Daily Update Sent From Bloomberg Mobile MSG ---- Original Message ---- From: JOSE CARLOS FARIA, DEUTSCHE BANK S.A. B At: 3/4/2015 23:34 The COPOM raised the SELIC rate by 50bps to 12.75%

e Sent From Bloomberg Mobile MSG ---- Original Message ---- From: JOSE CARLOS FARIA, DEUTSCHE BANK S.A. B At: 3/4/2015 23:34 The COPOM raised the SELIC rate by 50bps to 12.75%, as expected The decision was unanimous and was in line with market expectations, as, despite the gloomy economic outlook,

external accounts: we cut our current account deficit forecast to USD70.0bn from USD76bn for 2015, and to USD63bn from USD76bn for 2016. Sent From Bloomberg Mobile MSG This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an offic

2016 at BRL3.90/USD (instead of BRL3.40/USD and BRL3.65/USD, respectively). Despite the higher inflation, we continue to expect the BCB to cut the SELIC rate to 11.50% in 2016 (with the easing cycle still beginning in April), as we expect the authorities to throw in the towel and postpone convergenc

% from May) and the financial market had a deficit of USD3.8bn (projecting a smaller deficit than in May, as financial inflows rose 29%). Sent From Bloomberg Mobile MSG This has been prepared solely for informational purposes. It is not an offer. recommendation or solicitation to buy or sell. nor is it an offic

w shows inflation converging to the 4.5% target in 2Q17. These forecasts assumed an exchange rate of BRL3.10/1.1SD (vs. BRL3.15/USD in March) and a SELIC rate of 13.75% (vs. 12.75%) throughout the forecasting period. The BCB estimated administered price inflation of 13.7% (vs. 11.0%) for 2015 and 5.3%

external accounts: we cut our current account deficit forecast to USD70.0bn from USD76bn for 2015, and to USD63bn from USD76bn for 2016. Sent From Bloomberg Mobile MSG This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an offic

d 2016 at BRL3.90/USD (instead of BRL3.40/USD and BRL3.65/USD, respectively). Despite the higher inflation, we continue to expect the BCB to cut the SELIC rate to 11.50% in 2016 (with the easing cycle still beginning in April), as we expect the authorities to throw in the towel and postpone convergenc

external accounts: we cut our current account deficit forecast to USD70.0bn from USD76bn for 2015, and to USD63bn from USD76bn for 2016. Sent From Bloomberg Mobile MSG This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an offic

d 2016 at BRL3.90/USD (instead of BRL3.40/USD and BRL3.65/USD, respectively). Despite the higher inflation, we continue to expect the BCB to cut the SELIC rate to 11.50% in 2016 (with the easing cycle still beginning in April), as we expect the authorities to throw in the towel and postpone convergenc