The inflation scenario is positive all around, and I don't see any signs of it worsening in the near term. I'm already betting on a small rate cut in September, probably by 0.25 (percentage points), and more after that.

Adauto Lima

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So far, his views about the long term seem rather nebulous.

— Adauto Lima

This is positive. The tax structure that exists today in Brazil, even for local investors, is an aberration.

— Adauto Lima

I still think it will be 0.75 in January, but the minutes pointed more toward 0.50 again.

— Adauto Lima

Gustavo Franco had a good relationship with international banks and this change is very traumatic. Everything now is going to be related to Fernando Henrique (Cardoso)'s stance and that of Congress.

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We tried to get the word out to the extent people wanted to respond, and I think we did pretty well in evaluating their recommendations.

— Richard Adauto