LatAm Daily | Credit markets continued to deteriorate in May in Brazil
Published on Tuesday, June 28, 2016
LatAm Daily | Credit markets continued to deteriorate in May in Brazil
Summary
In Brazil, non-performing loans increased to 3.8% (3.4% at the end of 2015 and 3.0% one year ago) and will probably continue to do so moving forward. Also in Brazil, the BCB’s 2Q16 Inflation report will be released today. We expect the BCB to adopt a more hawkish tone and only cut the Selic rate by the end of the year or beginning of 2017.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist