
Brazil's central bank cut its benchmark Selic rate by a half percentage point to a record low of 6%, more than the 18 of 45 economists surveyed by Bloomberg had forecast. Policymakers said below-target inflation forecasts for 2020 leave room for further easing, and the economy is expected to grow less than 1% this year.
Lower Brazilian rates and expected further easing tend to weaken the real, which raises USD/BRL and can make dollar-priced Brazilian feed exports less competitive while supporting domestic demand.
301 geçmiş yükseliş yanlı makro olayları olayından sonra, Brezilya reali (USD başına BRL) 5 seansta medyan +%0,4 hareket etti (%57 daha yüksek; orta yarı %-1,2 ile +%1,7 arası) ve 20 seansta +%1,0.
Her emtianın referansının olaydan önceki son kapanışa göre hareketi. Geçmiş okumalar aynı türdeki geçmiş olayları birleştirir; neyin olduğunu anlatır, neyin olacağını değil. Yatırım tavsiyesi değildir.
A larger-than-expected 50bp Selic cut to a record-low 6% with signaled further easing reduces BRL carry appeal and yield support, plausibly driving capital outflows and BRL depreciation (higher BRL per USD), though other global factors (e.g., Fed/trade-war risk-off around the same date) may have also contributed.
The larger-than-expected Selic cut to a record-low 6% on 2019-08-01, with signals of more easing, narrowed Brazil's interest-rate differential and weakened the real, which contributed to the BRL per USD rise in the window.