Economy / Brazil
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Debt: Time To Go Local
July 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: Latin America's central banks - most notably in Brazil, Colombia and Mexico - have gained a lot of credibility with the breadth and depth of respective monetary cycles in 2008. Looking ahead, we expect tighter rates to help bring headline inflation gradually into line, thereby soothing medium-term price expectations. Such a scenario, in our view, makes local debt instruments an increasingly attractive investment play and in this article, we try to assess possible entry points for our favourite markets.