Brazil: dollar at R$5 seems to be more ceiling than floor, says BNP Paribas
Given the global difficulty of cutting public spending after the flood of stimulus injected during the pandemic, it falls on central banks to keep monetary policy tight to bring inflation back to targets. The diagnosis, made by the chief global economist of BNP Paribas, Marcelo Carvalho, is valid for both developed and emerging economies, and […]