Brazil: BCB meeting should be uneventful - TDS

TD Securities analysts suggest that the BCB meeting should be uneventful, with all indications pointing to a hold until the pension reform issue is dealt with.

Key Quotes

“Brazil's inflation trajectory continues to remain well-contained, with headline essentially on target with no real upside impetus in the near term. Given that there is a substantial risk that 2019 passes without any increase in the Selic rate.”