the texas is among those saying -- natixis says inflation will moderate by years end, they see it aszil's central bank recently held the key rate at 13.75%. natixis says given that they held and we have inflation moderating it will allow the central bank there to start cutting by mid next year, haidi. >> more from natixis when it comes to brazil after the election. asia may be heading for a reordering in cryptocurrency markers with hong kong moving to legalize retail trading of digital tokens as singapore looks to impose fresh restrictions on consumers. singapore's central bank chief told us the city state wants to limit risk to retail investors and won't stand in the way of other centers introducing more relaxed rules. >> it depends on what we both understand a crypto hope to be. if by crypto hub you mean we want to be a hub for digital asset activities, for application, use cases come across product payments, trade finance, post-trade and pretrade capital market activity. yes, we want to be a crypto hub. if you mean that we want to engage in organization of real assets and financia

and alicia haro from natixis discussing the regional recovery. ♪ ♪♪ this... is the planning effect. it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity. david: apec meeting in three weeks in bangkok, asia-pacific leaders are gathering their. let's bring in michelle jamrisko, our senior asia economy reporter. before we get to the economy, is russia still dominating conversations between the leaders? >> it is still the elephant in the room. you mentioned a few of the other big issues this region's officials would like to talk about especially with tourism being such a critical sector there. they are eager to welcome more people to their shores for conferences like these. but russia is still dominant. i was in the apec finance ministers meeting last week. the meetings this year have been dominated by the ru