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Non-Tech : The Brazil Board

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To: DinoNavarre who wrote (2001)	10/11/2019 4:37:21 AM
From: elmatador	of 2508

The Brazilian banks have been making a killing until a few quarters back because the interest rates were high. Now interest rates are low The minutes are from (Brazil's) Copom’s Sept. 17-18 meeting when it cut the benchmark Selic rate by half a percentage point to a fresh record low of 5.50%. and point to go even lower. Brazil central bank keeps door open for further rate cuts, Making money with money (aka fixed income) is no longer possible Brazilian banks do not need a downturn to go lower... Also note in the chart, the Brazilian down turn already happened...

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