◂ Event Timeline

Sep 5, 2024MACROBrazil

Brazil's central bank sees stronger growth, higher FX since latest policy meeting

Brazil's central bank deputy governor Diogo Guillen said the exchange rate is a bit higher than in July and that inflation expectations remain de-anchored. The comments followed the latest policy meeting.

WHY IT MATTERS

Central bank commentary on a firmer real and inflation expectations signals the policy path that affects the currency and Brazilian commodity export competitiveness.

AFFECTSBrazilian Real (BRL per USD)◆

SOURCE
reuters.comSep 5, 2024

Price reaction & history

Brazilian Real (BRL per USD)◆neutralSO FAR1d -0.8%5d +0.1%20d -3.6%

After 92 past neutral macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +0.4% over 20.

Mar 27, 2025Brazil's central bank signals need for higher rates for longer-0.7%
Sep 23, 2021BoE sees growing case for rate rise as inflation to stay higher for longer | Reuters+2.6%
Mar 21, 2019221th Meeting of the Monetary Policy Committee (“Copom”) of the Central Bank of Brazil Press Release — The Industry Spread+4.6%
Dec 8, 2021Brazil central bank makes 150 bps interest rate hike, signals another+0.7%
Feb 8, 2023Brazil central bank autonomy becomes political punching bag for Lula-0.3%

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 ▸

——— · ·

Loading…