Brazilian inflation quickened more than expected through mid-September, boosting expectations that the central bank will raise interest rates in the first half of 2011. Yields rose.
Brazil’s central bank set reserve requirements on short dollar positions held by local banks in its third attempt since October to stem a rally in the currency. The real fell for a third consecutive day.
Brazilian swap rates fell for a sixth day as economists lowered their inflation forecast for the South American country next year.
"Neves is seen by the market as the best potential president because he would be able to take measures to boost growth."
- Andre Perfeito on Oct 06, 2014