Yesterday the Banco Central do Brasil reduced Brazil’s benchmark Selic interest rate for the first time in four years. The cut, 25 basis points to 14%, was less than the 50 basis points the market was hoping for. But the dream is that it will be just the first...
Update September 26, 2016 Could Brazil see the first interest rate cut since 2012 in October? With the Banco Central do Brasil’s benchmark Selic interest rate at 14.25% there’s certainly plenty of room. And even though the country’s politics are a...
The most profitable bank in Brazil is also one of the fastest moving. Itau Unibanco recently bought Bank of America’s operations in Chile and Uruguay and is expanding into Argentina. (Full disclosure: I own shares of Itau Unibanco in my personal...
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