LatAm Daily | Nelson Barbosa to replace Joaquim Levy as Brazil’s Finance Minister

The change in the Finance Ministry will probably imply a more gradual, flexible implementation of the fiscal adjustment. Aligned with that was the reduction of the 2016 fiscal target at the end of last week. Also, inflation at the beginning of the month surprised to the upside and October’s activity to the downside. In Colombia, BanRep raised its MPR by 25bp as expected.

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