{"id":7105,"date":"2026-01-07T17:44:35","date_gmt":"2026-01-07T20:44:35","guid":{"rendered":"https:\/\/g5partners.com\/?post_type=imprensas&#038;p=7105"},"modified":"2026-01-07T17:44:35","modified_gmt":"2026-01-07T20:44:35","slug":"elections-and-the-exchange-rate-will-be-decisive-in-shaping-the-path-of-monetary-policy","status":"publish","type":"imprensas","link":"https:\/\/g5partners.com\/en\/imprensas\/elections-and-the-exchange-rate-will-be-decisive-in-shaping-the-path-of-monetary-policy\/","title":{"rendered":"Elections and the exchange rate will be decisive in shaping the path of monetary policy."},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-7088\" src=\"https:\/\/g5partners.com\/wp-content\/uploads\/2026\/01\/Luis-Otavio-Leal-Bloomberg-Linea-1.jpg\" alt=\"\" width=\"1175\" height=\"500\" srcset=\"https:\/\/g5partners.com\/wp-content\/uploads\/2026\/01\/Luis-Otavio-Leal-Bloomberg-Linea-1.jpg 1175w, https:\/\/g5partners.com\/wp-content\/uploads\/2026\/01\/Luis-Otavio-Leal-Bloomberg-Linea-1-300x128.jpg 300w, https:\/\/g5partners.com\/wp-content\/uploads\/2026\/01\/Luis-Otavio-Leal-Bloomberg-Linea-1-1024x436.jpg 1024w, https:\/\/g5partners.com\/wp-content\/uploads\/2026\/01\/Luis-Otavio-Leal-Bloomberg-Linea-1-768x327.jpg 768w\" sizes=\"(max-width: 1175px) 100vw, 1175px\" \/><\/p>\n<p data-start=\"806\" data-end=\"1018\">In an interview with <em data-start=\"827\" data-end=\"844\">Bloomberg L\u00ednea<\/em>, our partner and Chief Economist, Luis Otavio Leal, highlighted that the behavior of the U.S. dollar will be a determining factor for the pace of interest rate cuts in 2026.<\/p>\n<p data-start=\"1020\" data-end=\"1350\">Leal explained that a more stable exchange rate creates room for continued Selic rate cuts, while a more stressed environment\u2014especially during an election year\u2014could limit the Central Bank\u2019s actions. The analysis reinforces the importance of the exchange rate and market sentiment in guiding monetary policy in the coming months.<\/p>\n<p data-start=\"1352\" data-end=\"1381\">Read the full interview <a href=\"https:\/\/lnkd.in\/derrhJ8p\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-7105","imprensas","type-imprensas","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/imprensas\/7105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/imprensas"}],"about":[{"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/types\/imprensas"}],"version-history":[{"count":2,"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/imprensas\/7105\/revisions"}],"predecessor-version":[{"id":7107,"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/imprensas\/7105\/revisions\/7107"}],"wp:attachment":[{"href":"https:\/\/g5partners.com\/en\/wp-json\/wp\/v2\/media?parent=7105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}