
Brazil's central bank kept the Selic rate at 6.50% at its 16 May meeting, ending a run of twelve consecutive cuts, against consensus expectations of a 25 bps cut. The decision followed a sharp 12% fall in the real against the dollar since March, which shifted the balance of risks toward higher inflation.
The bank signaled the rate would be held steady, marking the end of the easing cycle.
A halt to rate cuts and a weaker real raise Brazil's domestic inflation risk and make Brazilian export origin cheaper in dollar terms, which weighs on world feed prices. Higher domestic borrowing costs could also slow Brazilian livestock and feed-using sectors.
過去の強気なマクロイベント301件の後、ブラジルレアル(1 USDあたりBRL) は5営業日で中央値 +0.4% 動き(57% が上昇。中央50%は -1.2% から +1.7%)、20営業日では +1.0% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。