Brazil's central bank is expected to lower rates at its policy meeting tonight, but yesterday's...

|By:, SA News Editor

Brazil's central bank is expected to lower rates at its policy meeting tonight, but yesterday's weak GDP report brings up the question of how much of a cut? Markets are pricing in something greater than the 50 bps (bringing the benchmark to 10%) expected by economists. Brazil ETF: EWZ +16.1% YTD. Real ETF: BZF +7.3% YTD.