Nomura Securities International Inc. expects the Brazilian central bank to cut the benchmark interest rate by 75 basis points to 9.75 percent at next week’s monetary policy meeting, according to a research note e-mailed to clients today.
Policy makers will reduce the benchmark Selic by 75 basis points at each of the next two policy meetings, and 50 basis points in May, the firm said in a note signed by Managing- Director Tony Volpon. Nomura maintained its year-end Selic forecast of 8.5 percent.
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