Epstein Secrets

sage From: Isin Sumengen-Ziel (DEUTSCHE BANK AG, LO) [mailto:[email protected]] Sent: Thursday, September 03, 2015 4:50 PM Subject: Faria: Brazil Daily Update Brazil's economic outlook deteriorates further According to newspaper Folha de S.Paulo, Finance Minister Joaquim Levy told President Dilma Rousseff

t slightly to 9.4% from 9.3%, and our 2016 IPCA projection to 5.9% from 5.4% (mainly due to the weaker FX). We now expect the BRL to finish 2015 at BRL3.70/USD, and 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

it Jeffrey. Original Message From: Isin Sumengen-Ziel (DEUTSCHE BANK AG, LO) [manta Sent: Thursday, September 03, 2015 4:50 PM Subject: Faria: Brazil Daily Update Brazil's economic outlook deteriorates further According to newspaper Folha de S.Paulo, Finance Minister Joaquim Levy told President Dilma Roussef

t slightly to 9.4% from 9.3%, and our 2016 IPCA projection to 5.9% from 5.4% (mainly due to the weaker FX). We now expect the BRL to finish 2015 at BRL3.70/USD, and 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

rey. Original Message From: Isin Sumengen-Ziel (DEUTSCHE BANK AG, LO) Sent: Thursday, September 03, 2015 4:50 PM EFTA00685296 Subject: Faria: Brazil Daily Update Brazil's economic outlook deteriorates further According to newspaper Folha de S.Paulo, Finance Minister Joaquim Levy told President Dilma Roussef

t slightly to 9.4% from 9.3%, and our 2016 IPCA projection to 5.9% from 5.4% (mainly due to the weaker FX). We now expect the BRL to finish 2015 at BRL3.70/USD, and 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