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Brazil Economic Team Enlists Investor Help as Rate Bets Soar Bloomberg 3/2/2021 Aline Oyamada, Rachel Gamarski and Martha Beck (Bloomberg) -- Brazil’s economic team is enlisting investors to help it defend a rule that caps public spending, as growing fiscal concerns sink local markets and push traders to bet on the most aggressive interest rate hike in a decade. Popular Searches Members of Economy Minister Paulo Guedes’s crew and the Treasury have asked fund managers and economists to publicly defend the so-called spending ceiling that limits the growth in public expendi...

Turkey’s Year of Drama Hands Investors These 2021 Priorities Bloomberg 12/17/2020 Tugce Ozsoy and Inci Ozbek (Bloomberg) -- It has been a tumultuous year in virus-ravaged global markets, but investors in Turkey have had more drama to cope with than most. The lira’s plunge was the steepest in emerging markets after the Argentine peso and regulators caused investor unease with market interventions, including curbs on short selling, that helped to spur record outflows. Geopolitical risks were plentiful too, through Turkey’s stance on eastern Mediterranean energy explorati...

Brazil Signals End to Low-Rate Pledge Amid Faster Inflation Bloomberg 12/10/2020 Mario Sergio Lima (Bloomberg) -- Brazil’s central bank signaled it may be unable to fulfill its pledge to keep interest rates at a record low for long due to rising inflation expectations. The bank, led by its President Roberto Campos Neto, on Wednesday held the benchmark Selic rate at 2% for the third straight meeting but said inflation expectations for the next two years are rising toward the target. That means conditions for keeping borrowing costs low may soon not be met, it added. That �...