Brazil's central bank slashes 2019 GDP growth forecast, sees benign inflation

After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Aug 30, 2024Brazil Real Swings on Fiscal Woes, Central Bank Interventions-0.8%
• Jul 1, 2024Brazil's central bank director says expansionary fiscal policy harms disinflation-1.8%
• Jun 1, 2020Brazil cannot rely on foreign funding in short term, says central bank chief-8.7%
• Mar 18, 2020Brazil central bank FX, bond intervention fails to prevent market rout+1.1%
• Aug 30, 2024Spot dollar closes higher for the 5th session despite interventions by the Central Bank | Brasil 247-0.8%

After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.

• Aug 30, 2024Brazil Real Swings on Fiscal Woes, Central Bank Interventions+3.0%
• Aug 30, 2024Spot dollar closes higher for the 5th session despite interventions by the Central Bank | Brasil 247+3.0%
• Jan 30, 2025Brazil central bank hikes rates by 100 bps, confirms same in March-0.5%
• Aug 27, 2019Brazil central bank to continue FX intervention on Wednesday as real nears record low - The Business Times-1.7%
• Apr 27, 2023Argentina seeks to tame inflation, peso with biggest rate hike since 2019 | Financial Post-0.7%