RIO DE JANEIRO, BRAZIL – All eyes are turned to Wednesday, June 16, when the Federal Reserve (Fed) and the Brazilian Central Bank’s (BCB or Bacen) monetary policy decisions will be made.

Interestingly, despite their similar nature, these two events will have different possible outcomes. In the U.S., the debate over the slowing of asset purchases (tapering) should mark the meeting.

In Brazil, the focus of the issue lies not in the act, but rather in the monetary authority’s communiqué, which may be more contractionary.

The United Kingdom’s decision to extend the current restrictions related to the . . .

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