Brazil Recently, the toxic combination of high inflation and rising unemployment begins to hit at the heart the Brazilian economy. At the same time, the central bank has lifted interest rates to the highest level in six years in order to fight inflation that has climbed above 8%. All of this suggests that the structured products market will change, with a higher demand for capital protected structures and increasing appetite for higher profits. BNP Paribas ( BNP Paribas Momentum USA FI CP )
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