Mercado reduz projeção para IPCA e para alta do PIB em 2012

A previsão dos analistas de mercado para a inflação em 2012 caiu pela segunda semana consecutiva, segundo mostrou nesta segunda-feira o boletim Focus, do Banco Central, divulgado nesta manhã. A expectativa, contudo, segue distante do centro da meta de 4,5% perseguida pela autoridade monetária.

A mediana das estimativas para o Índice Nacional de Preços ao Consumidor Amplo (IPCA) saiu de 5,45% para 5,43%. Para 2013 houve aumento na previsão, de 5,39% para 5,40%.

Central Bank lowers base interest rate to 7.25% and ends cycle of cuts

The Monetary Policy Committee (Copom) of the Central Bank lowered the Selic rate by 0.25 percentage point, to 7.25% a year, and made clear in its statement that the cycle of monetary easing started on August of last year ended with Wednesday's meeting. From now on, the rate will stay put for a “prolonged” period of time. According do Valor Data, with the new cut, the real base interest rate (discounted inflation for the next 12 months) fell to 1.66% a year, one of the lowest in the country's history. The fact that yesterday's decision was not unanimous indicates that Copom was getting ready to end the cycle of interest rate cuts. It's a usual practice for the committee: When decisions stop being unanimous, the next step is changing monetary policy. The interest rate market, which was already expecting the 0.25% percentage point cut to base interest rates announced yesterday by the Central Bank, will now focus on 2013. 

Valor International

11:57 PM (GMT -03:00) – Oct 10 2012

Plural Capital appoints Ex-BTG Partners Pereira, Guimarães

Brazilian asset management company Plural Capital Ltda has appointed former BTG partners Evandro Pereira and Pedro Guimaraes as part of the plan to become a full-service investment bank, Bloomberg reported.
Plural Capital founded by two former Banco BTG Pactual SA executives, currently manages 600 million reais ($362 million).

Largest Traders Bet Real Bulls to Beat Mantega

The world’s largest currency traders are recommending their clients bet Brazilian Finance Minister Guido Mantega’s success in stemming gains in the real will be short-lived as foreign investment picks up.

Brazil Weighs Fuel Tax Cut to Slow Inflation, Augustin Says

Brazil is considering cuts to a fuel tax as inflation exceeds the government’s target range for the first time in six years, Treasury Secretary Arno Augustin said.
“The government has tools to control fuel prices and avoid a negative impact,” Augustin said in an interview today in Brasilia, citing a tax known in Brazil as Cide. “Whatever the international scenario we have ways to avoid damaging the Brazilian economy. We have Cide and we can use it.”
President Dilma Rousseff’s administration is weighing cutting taxes on electricity as well, a person familiar with the discussions said yesterday. The person declined to be identified because he isn’t authorized to speak publicly about the issue.

Buy Brazil Inflation-Linked Bonds, Swiss & Global Says

Brazilian inflation-linked bonds may appreciate as the country’s economy grows and its credit profile improves, according to Alessandro Ghidini from Swiss & Global Asset Management Ltd.

The real yield on inflation-linked bonds, whose principle is adjusted to compensate for consumer price rises, may fall by about 1 percentage point over the next year or so as the bonds rise in value,

Brazil Dollar Bonds Gain as Fitch Raises Rating to BBB From BBB-

April 4 (Bloomberg) -- Brazil’s dollar bonds rose as Fitch Ratings raised the country’s rating to BBB from BBB-, citing the economy’s growth prospects.