Brazil's Q2 GDP rose 0.4% from Q1 and 0.5% Y/Y, lower than estimates for 0.5% and 0.7%,...

|By:, SA News Editor

Brazil's Q2 GDP rose 0.4% from Q1 and 0.5% Y/Y, lower than estimates for 0.5% and 0.7%, respectively. One wonders if the central bank - which has cut rates by 500 bps over the past year, but indicated this week's reduction would be the last - will be forced to reconsider as the economy remains sluggish.