“In Brazil, like in many other emerging market economies, there is now evidence of overheating of the economy. Expected and actual inflation is starting to rise, and that implies that over the next few quarters there has to be a tightening of monetary policy, gradually but progressively, in order to make sure that inflation expectations remain anchored.”
Nouriel Roubini in Sao Paulo
Related ETF`s: iShares MSCI Brazil Index (ETF) (NYSE:EWZ) and iShares MSCI Emerging Markets Indx (ETF) (Public, NYSE:EEM)
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