Sergio Vale, MB Associados
Comments: the perception of an inevitable trend of contraction in global activity in the coming months is the main argument.
Andre Perfeito, Gradual Investimentos
Comments: the Selic rate could fall further to 9.5% if there is a worsening of the level of activity externally. However, he thinks the CB should cut the basic interest rate by less than it could in order to help the anchoring of the inflation estimates.
Jankiel Santos, BES Investimentos
Comments: for now, “the indications given by the CB justify this projection”, Santos said, referring to the frequent statements of the CB chief Alexander Tombini, that interest rates should continue in the process of “moderate adjustment.”
Comments: we see that the international crisis suffered further deterioration in the last 45 days. However, the absence of signs of the CB will accelerate the pace of cuts in recent speeches suggest the maintaining of their current strategy.