# 221th Meeting of the Monetary Policy Committee (“Copom”) of the Central Bank of Brazil Press Release — The Industry Spread

> The Central Bank of Brazil's Monetary Policy Committee unanimously kept the Selic rate at 6.50%. The committee said recent economic activity data came in below expectations, while the economy remains on a gradual recovery path. Its inflation projections assume the Selic ends 2019 at 6.5% and rises to 7.75% during 2020.

- Date: 2019-03-21 · published 2019-03-21T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/60308-221th-meeting-of-the-monetary-policy-committee-copom-of-the-central-bank-of
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Steady policy with a rising rate path into 2020 signals tighter credit ahead for Brazilian livestock and feed operators. The direct effect on grain and meal prices is limited.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-09-05 | [Brazil's central bank sees stronger growth, higher FX since latest policy meeting \| Reuters](https://feedsoft.ai/events/28519-brazil-s-central-bank-sees-stronger-growth-higher-fx-since-latest-policy.md) | +0.1% | -3.6% |
| USDBRL | 2020-06-16 | [Brazil: A monetary policy test for the BRL \| articles \| ING THINK](https://feedsoft.ai/events/52814-brazil-a-monetary-policy-test-for-the-brl-articles-ing-think.md) | +0.3% | +4.2% |
| USDBRL | 2022-09-26 | [Brazil makes first FX intervention of the year - Central Banking](https://feedsoft.ai/events/39790-brazil-makes-first-fx-intervention-of-the-year-central-banking.md) | +3.1% | +0.8% |
| USDBRL | 2021-03-12 | [FX Daily: Brazilian central bank’s line in the sand \| ING THINK](https://feedsoft.ai/events/48310-fx-daily-brazilian-central-bank-s-line-in-the-sand-ing-think.md) | -0.3% | +0.4% |
| USDBRL | 2025-02-03 | [Trump's tariffs raise fears Brazil's central bank is out of step on inflation](https://feedsoft.ai/events/26256-trump-s-tariffs-raise-fears-brazil-s-central-bank-is-out-of-step-on-inflation.md) | -0.9% | +0.8% |

## Sources

- theindustryspread.com: https://theindustryspread.com/copom-central-bank-brazil-press-release-3/

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