# Brazil Cuts Interest Rate to Fresh Record Low

> The Central Bank of Brazil voted unanimously to cut the Selic rate by 50 basis points to 5.50%, the second consecutive cut and a record low. The committee cited a gradual economic recovery, a global slowdown and continuing domestic reforms.

- Date: 2019-09-19 · published 2019-09-19T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/57287-brazil-cuts-interest-rate-to-fresh-record-low
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Lower domestic rates weaken the real and can make Brazilian commodity exports more price-competitive. The move reinforces the currency pressure that tends to support USD-denominated export prices for soybeans and meal.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-05-22 | [brazil-currency-weakness-halts-the-interest-rate-cuts](https://feedsoft.ai/events/9714-brazil-currency-weakness-halts-the-interest-rate-cuts.md) | +0.5% | +0.6% |
| USDBRL | 2017-09-05 | [Brazil: Rate cuts to continue](https://feedsoft.ai/events/69154-brazil-rate-cuts-to-continue.md) | -1.3% | +0.9% |
| USDBRL | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | +3.0% | +15.4% |
| USDBRL | 2024-11-12 | [Brazil’s real weakens, interest rates climb under Trump effect](https://feedsoft.ai/events/27618-brazil-s-real-weakens-interest-rates-climb-under-trump-effect.md) | -0.6% | +4.7% |
| USDBRL | 2024-12-16 | [Brazil currency hits record low amid ongoing fiscal woes](https://feedsoft.ai/events/27145-brazil-currency-hits-record-low-amid-ongoing-fiscal-woes.md) | +0.3% | -0.2% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/articles/09182019212316.htm

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