The Brazilian Real could face negative consequences if the Central Bank of Brazil delays implementing interest rate cuts, as criticism towards the government continues, warns Commerzbank.

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The Brazilian Real could face negative consequences if the Central Bank of Brazil delays implementing interest rate cuts, as criticism towards the government continues, warns Commerzbank.

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    The Brazilian Real declined substantially after the minutes of the last meeting of the Brazilian central bank (Banco Central do Brasil, BCB) on Tuesday took a surprisingly more dovish tone than the original statement after the meeting had suggested. Economists at Commerzbank analyze BRL’s outlook.

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