# Brazil: Growth deferred and hard choices | articles | ING THINK

> 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.

- Date: 2020-03-16 · published 2020-03-16T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/11019-brazil-growth-deferred-and-hard-choices-articles-ing-think
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-09-11 | [Latam FX Talking: Large easing cycles in Brazil and Chile \| articles \| ING THINK](https://feedsoft.ai/events/34324-latam-fx-talking-large-easing-cycles-in-brazil-and-chile-articles-ing-think.md) | -2.2% | +3.6% |
| USDBRL | 2018-10-29 | [Bid on Brazil’s Bolsonaro \| articles \| ING THINK](https://feedsoft.ai/events/62739-bid-on-brazil-s-bolsonaro-articles-ing-think.md) | +0.7% | +6.1% |
| USDBRL | 2019-04-18 | [Brazil: The bumpy road to reform \| articles \| ING THINK](https://feedsoft.ai/events/59777-brazil-the-bumpy-road-to-reform-articles-ing-think.md) | +1.0% | +1.2% |
| USDBRL | 2020-06-16 | [Brazil: A monetary policy test for the BRL \| articles \| ING THINK](https://feedsoft.ai/events/52814-brazil-a-monetary-policy-test-for-the-brl-articles-ing-think.md) | +0.3% | +4.2% |
| USDBRL | 2019-12-05 | [USD: A different kind of decline \| articles \| ING THINK](https://feedsoft.ai/events/55761-usd-a-different-kind-of-decline-articles-ing-think.md) | -1.7% | -3.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/brazil-growth-deferred-and-hard-choices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.