LatAm Daily | We expect an increase in prices and an unchanged Selic rate in Brazil today

Summary

In Brazil, October’s IPCA-15 is expected to show another increase in domestic prices and an increase in full-month inflation. On the other hand, the Selic rate should remain unchanged in view of the weaker economic activity. The main risk to our call is that the monetary easing we expect to start in 2Q16 ends up being delayed until 2H16.

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