# Brazil slashes rates, eyes dial down in political storm | Reuters

> Brazil's central bank cut interest rates while signaling it could slow the pace of cuts amid a political storm. The article's text is mostly page navigation, so the details of the decision are limited.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/71195-brazil-slashes-rates-eyes-dial-down-in-political-storm-reuters
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower Brazilian rates tend to weaken the real, which can make Brazilian soy and corn exports more competitive and weigh on global feed grain prices. Political uncertainty adds volatility to the currency outlook.

## Read by commodity

- SOY: neutral
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-07-29 | [Economic uncertainties still prevent rate cut in Brazil, official says \| Reuters](https://feedsoft.ai/events/29478-economic-uncertainties-still-prevent-rate-cut-in-brazil-official-says-reuters.md) | +1.4% | -2.6% |
| USDBRL | 2023-06-27 | [Brazil central bank minutes raise possibility of August rate cut \| Reuters](https://feedsoft.ai/events/35693-brazil-central-bank-minutes-raise-possibility-of-august-rate-cut-reuters.md) | +0.4% | -0.5% |
| USDBRL | 2022-05-05 | [Brazil's real down 2% as central bank strikes cautious note; Stocks reverse course \| Reuters](https://feedsoft.ai/events/41605-brazil-s-real-down-2-as-central-bank-strikes-cautious-note-stocks-reverse.md) | +2.2% | -4.3% |
| 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 | 2017-05-18 | [Dollar Rebounds, Brazilian Real Plunges as Politics Dominates - WSJ](https://feedsoft.ai/events/4356-dollar-rebounds-brazilian-real-plunges-as-politics-dominates-wsj.md) | +5.6% | +5.6% |
| SOY | 2021-11-18 | [Brazil's Guedes says political 'noise' weakening real currency \| Financial Post](https://feedsoft.ai/events/44255-brazil-s-guedes-says-political-noise-weakening-real-currency-financial-post.md) | -0.8% | +0.0% |
| SOY | 2023-11-16 | [Strong dollar inflows support Brazilian real](https://feedsoft.ai/events/33375-strong-dollar-inflows-support-brazilian-real.md) | -2.1% | -5.1% |
| SOY | 2018-05-15 | [Grains of recovery whet appetite for fiscal reform in Brazil](https://feedsoft.ai/events/12779-grains-of-recovery-whet-appetite-for-fiscal-reform-in-brazil.md) | +1.2% | -5.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-brazil-economy-rates-idUSKBN18R0GX/?il=0

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