Brazil's central bank chief, Roberto Campos Neto, said on February 22 that high interest rates are attracting financial inflows that are strengthening the real. He also credited positive fiscal figures and a shift in global flows toward companies that perform well in high-inflation environments.
The benchmark rate stands at 10.75% after an aggressive tightening cycle that started from 2% in March 2021.
Currency strength from rate-driven inflows lowers the local cost of imported grains, meal and energy, which can cushion Brazilian feed prices. The real's direction also influences how much Brazilian soybean and corn exporters sell into dollar markets.
Setelah 213 peristiwa makro bearish sebelumnya, Real Brasil (BRL per USD) bergerak median -0,2% selama 5 sesi (46% lebih tinggi; separuh tengah -1,5% sampai +0,9%), dan +0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.