# Economic uncertainties still prevent rate cut in Brazil, official says | Reuters

> An official said Brazil cannot cut rates yet due to economic uncertainty. The real has weakened more than 6% from the central bank's 5.30 per dollar inflation projection.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/29478-economic-uncertainties-still-prevent-rate-cut-in-brazil-official-says-reuters
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Persistent currency weakness and delayed rate cuts raise the cost of imported inputs for Brazilian feed producers and can encourage farmer selling of soy and corn for export.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-08-05 | [Brazilian real depreciation stirs economic concerns](https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns.md) | -3.9% | -2.0% |
| USDBRL | 2017-05-31 | [Brazil slashes rates, eyes dial down in political storm \| Reuters](https://feedsoft.ai/events/71195-brazil-slashes-rates-eyes-dial-down-in-political-storm-reuters.md) | +0.5% | +1.7% |
| USDBRL | 2016-11-11 | [Uncertainty over Trump leads to reevaluation of rate cuts in Brazil - BNamericas](https://feedsoft.ai/events/74027-uncertainty-over-trump-leads-to-reevaluation-of-rate-cuts-in-brazil-bnamericas.md) | +0.7% | -0.4% |
| USDBRL | 2023-06-27 | [Brazil central bank minutes raise possibility of August rate cut \| Reuters](https://feedsoft.ai/events/35693-brazil-central-bank-minutes-raise-possibility-of-august-rate-cut-reuters.md) | +0.4% | -0.5% |
| USDBRL | 2018-05-15 | [Brazil's real continues its slump amid election uncertainty \| AP News](https://feedsoft.ai/events/65228-brazil-s-real-continues-its-slump-amid-election-uncertainty-ap-news.md) | +2.4% | +1.5% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/economic-uncertainties-still-prevent-rate-cut-brazil-official-says-2024-07-29/

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