Brazil ending a lengthy easing cycle and more nervy news for Europe’s debt round off this week’s headlines highlighted by our research analysts:
[snap]: Brazil Raises Benchmark Rate - Financial Times beyonddrics
“Brazil raised the benchmark Selic rate 25 bp to 7.5%, marking the end of a lengthy easing cycle in an effort to demonstrate that the inflationary targeting regime remains in force as prices continue to rise. While markets had begun to price in a rate hike, expectations were that the Central Bank would wait until later in the year, boding poorly for growth prospects.”
- Christine Herlihy, Analyst for Latin America Research
Putin Envoy Says Recession Should Spur Easing: Russia Overnight - Bloomberg
“Companies should watch for Russian government actions to boost growth - both rate cuts and some form of economic stimulus are likely.”
- Martina Bozadzhieva, Associate Practice Leader for Central and Eastern Europe
IMF: Euro-zone Companies Face Massive ‘Debt Overhang’ - The Washington Post
The IMF estimated that as much as a fifth of the corporate bonds and loans issued by major European companies are “unsustainable.”
- Sam Osborn, Senior Analyst for Global Analytics
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