# Brazil’s Hawkish Turn Sends Real Surging Near One-Year High - Bloomberg

> Brazil's central bank raised its key interest rate by 75 basis points and signaled even larger increases as inflation forecasts rise. The real gained the most among emerging-market currencies and approached a one-year high.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/46794-brazil-s-hawkish-turn-sends-real-surging-near-one-year-high-bloomberg
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher Brazilian rates strengthen the real, which can reduce the cost of imported inputs but also make Brazilian grain exports pricier abroad. The effect on feed commodity prices is modest.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-09-18 | [Brazilian Real Strengthens to Over 1-Year High](https://feedsoft.ai/events/23089-brazilian-real-strengthens-to-over-1-year-high.md) | +0.2% | +2.4% |
| USDBRL | 2020-07-24 | [EMERGING MARKETS-Brazil's real hits one-month high, stimulus hopes lift mood](https://feedsoft.ai/events/52313-emerging-markets-brazil-s-real-hits-one-month-high-stimulus-hopes-lift-mood.md) | +0.8% | +9.7% |
| USDBRL | 2017-08-08 | [Brazil: Real rises to near three-month high in August \| Economy  \| POST Online Media](https://feedsoft.ai/events/69658-brazil-real-rises-to-near-three-month-high-in-august-economy-post-online-media.md) | +1.6% | -0.1% |
| USDBRL | 2023-07-06 | [Brazil real to take near-term support from improving economic outlook](https://feedsoft.ai/events/35238-brazil-real-to-take-near-term-support-from-improving-economic-outlook.md) | -0.9% | -0.9% |
| USDBRL | 2020-05-26 | [Brazil real extends rally, seals longest winning streak this year \| 1330 & 101.5 WHBL](https://feedsoft.ai/events/53336-brazil-real-extends-rally-seals-longest-winning-streak-this-year-1330-and-101-5.md) | -3.5% | -6.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-06-16/brazil-lifts-key-rate-to-4-25-as-inflation-forecasts-surge-anew

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