BMI Research: Emerging Markets Monitor: Brazil's New Cabinet: All Eyes On Monetary Policy

November 2010
Emerging Markets Monitor;11/29/2010, Vol. 16 Issue 33, p12
Country Report
The article presents an outlook for Brazilian monetary policy for 2010. The three major pillars underlying Brazil's macroeconomic stability are inflation targeting, a floating exchange rate and fiscal responsibility. It expects a moderate but unspectacular consolidation for fiscal policy as a result of Guido Mantega's continued appointment as finance minister. It questions whether Brazil has the political will to impose major constraints on expenditure. Also expected is a limited effect on the Bovespa equity index or the real of cabinet appointments.


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