» Brazil: Industrial Production and Monetary Policy Decision Economics

Brazil: Industrial Production and Monetary Policy

Posted July 1, 2011 by CLeahey

[private]The industrial production data just released (only modest expansion, against a background of downward pressures from an appreciating currency and considerable external risks for Brazil’s exports) supports the likelihood that a monetary policy pause may come rather soon, with perhaps only one interest rate increase left in the pipeline.

7-1-11–EMG INDICATORS AND INSIGHTS _Brazil Industrial Production and Money_[/private]