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TD Securities revised its Brazil central bank outlook and now expects two further consecutive 50bp rate cuts, starting at this week's meeting. The forecast cites accelerating pension reform and projected net savings of 800-900 billion reais over ten years.
Economists surveyed by Bloomberg are split between 25bp, 50bp and no change.
Easier Brazilian monetary policy and a weaker real can make Brazilian exports cheaper in dollar terms, which tends to pressure soybean and corn export prices and supports Brazilian farm-side competitiveness.
octaafrica.net30 jul 2019Tras 301 eventos alcista de macro pasados, Real brasileño (BRL por USD) se movió una mediana de +0,4 % en 5 sesiones (57% al alza; mitad central entre -1,2 % y +1,7 %), y +1,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
