(Bloomberg) -- Brazilian local-currency bonds headed to their biggest weekly gain since early September on bets the central bank will further reduce borrowing costs amid little evidence of inflation.
The central bank on April 18 signaled it may quicken the pace of rate cuts when three of the central bank's seven directors pushed for a bigger cut than the quarter-percentage point reduction to 12.50 percent agreed upon.
Read more at Bloomberg Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment