Brazil's benchmark rate will keep on falling until it gets down to a more reasonable single digit rate. The tax cut, along with lower inflation, will certainly help.
More Quotes from Jerome Booth:
Brazil is on autopilot. Congress could do nothing for the next year, and Brazil would still be a good credit.Jerome Booth
It's a country developing very fast and it deserves to have low credit spreads. Investors like myself with pension funds and central banks will just buy into any weakness.
Jerome Booth
I'm certainly expecting a similar kind of cacophony in Prague that we witnessed in Washington, Seattle and almost every other major economic and political event in recent memory.
Jerome Booth
The possibility of Mexico and maybe Russia trading through Italy is very real.
Jerome Booth
The reality is that there's risk everywhere, in every country. We're now in a world where you've got two types of countries emerging markets, where political risk is priced in, and a whole bunch where it isn't priced in at all.
Jerome Booth
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