Brazil Economic Watch: ”New IOF tax on derivatives implemented to take some steam off the exchange rate”
Published on Tuesday, July 26, 2011
Brazil Economic Watch: ”New IOF tax on derivatives implemented to take some steam off the exchange rate”
Summary
The measure comes as no surprise and follows the recent appreciation of the Brazilian currency. More measures should not be ruled out, especially when the exchange rate breaks the 1.55 level.
Geographies
- Geography Tags
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
- Consumption
- Real Estate
- Migration
- Banks
Authors
BBVA Research
BBVA Research