
TD Securities revised its Brazil central bank outlook and now expects two further consecutive 50bp rate cuts, starting at this week's meeting. The forecast cites accelerating pension reform and projected net savings of 800-900 billion reais over ten years.
Economists surveyed by Bloomberg are split between 25bp, 50bp and no change.
Easier Brazilian monetary policy and a weaker real can make Brazilian exports cheaper in dollar terms, which tends to pressure soybean and corn export prices and supports Brazilian farm-side competitiveness.
Setelah 301 peristiwa makro bullish sebelumnya, Real Brasil (BRL per USD) bergerak median +0,4% selama 5 sesi (57% lebih tinggi; separuh tengah -1,2% sampai +1,7%), dan +1,0% 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.