# Brazil: Rate cuts to continue

> Brazil's central bank is expected to cut the SELIC rate by 100 basis points to 8.25% at its September 6 meeting, with further cuts seen through October and possibly December. ING sees the cycle concluding at 7.5% and says a social security reform rally in the real could allow more easing.

- Date: 2017-09-05 · published 2017-09-05T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/69154-brazil-rate-cuts-to-continue
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Lower Brazilian rates tend to weaken the real, which makes Brazilian soybeans and corn cheaper in dollar terms for export buyers and can add pressure to global soy and meal prices.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-09-19 | [Brazil Cuts Interest Rate to Fresh Record Low](https://feedsoft.ai/events/57287-brazil-cuts-interest-rate-to-fresh-record-low.md) | +2.0% | +1.6% |
| USDBRL | 2019-10-30 | [Brazil: BCB to cut rates by 50bps – TDS — Octa](https://feedsoft.ai/events/56777-brazil-bcb-to-cut-rates-by-50bps-tds-octa.md) | -0.1% | +6.6% |
| 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 | 2019-09-19 | [USDBRL soars, COFFEE down as Brazil cuts rates \| XTB](https://feedsoft.ai/events/57286-usdbrl-soars-coffee-down-as-brazil-cuts-rates-xtb.md) | +2.0% | +1.6% |
| USDBRL | 2019-08-01 | [Brazil's Larger-Than-Expected Rate Cut Is a Sign of More to Come](https://feedsoft.ai/events/10779-brazil-s-larger-than-expected-rate-cut-is-a-sign-of-more-to-come.md) | +6.1% | +10.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/brazil-rate-cuts-to-continue/

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