(Bloomberg) -- The yield on Brazilian local- currency bonds fell as investors speculated the central bank may cut the benchmark lending rate by more than a quarter-percentage point at a monetary policy meeting resuming today.
``There are people betting the central bank may surprise the market with a half-percentage point cut today, with a decision that may not be unanimous like we've seen in recent meetings,'' said Octavio Vaz, investment manager at Foco Investimentos, an asset-management firm in Rio de Janeiro.
Read more at Bloomberg Bonds News
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