◂ Event Timeline

Jan 17, 2025MACROBrazil

Brazil's Haddad says high interest rates will curb inflation

Brazil's Finance Minister Haddad said high interest rates would curb inflation. The real traded around 6.05 per dollar, having weakened to nearly 6.30 at the end of 2024.

WHY IT MATTERS

Expectations of tighter policy and a firmer real in early 2025 lower the dollar cost of Brazilian grain and meal exports, which can weigh on global feed prices.

AFFECTSBrazilian Real (BRL per USD)▼

SOURCE
reuters.comMarcela AyresJan 17, 2025

Price reaction & history

Brazilian Real (BRL per USD)▼bearishSO FAR1d -0.1%5d -2.7%20d -5.5%

After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.

Feb 22, 2022Brazil central bank chief says higher interest rates, positive fiscal are supporting FX | Financial Newsletter+0.7%
Dec 8, 2021Brazil's real rallies over 1% ahead of interest rate decision | Financial Post+0.7%
May 3, 2022Barclays Sees Sharp Rally in Brazil’s Real on Rate Hikes+1.9%
Oct 31, 2024Brazil's strong labor market fuels inflation fears ahead of expected rate hike-1.3%
Nov 8, 2021Brazil's real dips on inflation woes, Chile's peso supported by copper | Financial Post-1.4%

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.

Brazilian Real (BRL per USD) USDBRL · GP ▸

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