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The growing rate gap in Brazil, which was sparked by an increase in cash levels that central bank President Alexandre Tombini has left unchecked, is rendering useless traders’ models designed to calculate the probability of policy moves in coming days and months, according to Votorantim Ctvm Ltda.

Photographer: Paulo Fridman/Bloomberg

The growing rate gap in Brazil, which was sparked by an increase in cash levels that central bank President Alexandre Tombini has left unchecked, is rendering useless traders’ models designed to calculate the probability of policy moves in coming days and months, according to Votorantim Ctvm Ltda.
January 15, 2013
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