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Brazil's central bank had cut its policy rate by 25bp to 4.25% and signalled a pause, then adjusted guidance to weigh economic activity against financial asset prices. The monetary council eased banking capital requirements to ease tightening in local financial conditions.
Fiscal and monetary easing is aimed at cushioning growth and the currency, which affects Brazil's domestic demand for feed and the real's pricing of Brazilian exports.
think.ing.comMar 16, 2020After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
