Brazil central bank has cut its benchmark rate by 75 bp to 7.5%, noting that the interest rate decision was unanimous.
Headlines via Reuters
Says moderate reduction of pace of easing could be appropriate at next meeting given stage of cycle.
Monetary easing will continue to depend on economic activity, balance of risks, inflation outlook.
Bank removes reference to expectation of gradual end to easing cycle.
Forecasts 2017 inflation at around 3.3 pct vs 3.2 pct in quarterly inflation report.
Forecasts 2018 inflation at around 4.3 pct vs 4.3 pct in quarterly inflation report.
Forecasts 2019 inflation at around 4.2 pct vs 4.2 pct in quarterly inflation report.
Says downside risks for inflation include possible secondary effects of favorable food price shock and low industrial inflation.
Says downside risks for inflation include possible price inertia extending low inflation over time.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD flirts with daily highs near 1.0950
EUR/USD now manages to regain some fresh upside traction and advances to the area of daily peaks around 1.0950 as investors continue to assess the release of higher-than-expected US inflation data.
GBP/USD clings to gains near 1.3080 on US CPI data
GBP/USD keeps its slight bullish tone unchanged around 1.3080 on the back of slight gains in the US Dollar following the firmer prints from US inflation gauged by the CPI.
Gold climbs to daily highs past $2,620 following US inflation
Gold prices remain bid in response to September’s US inflation data, which surprised to the upside according to the CPI, while US yields trade in a bearish fashion across the curve on Thursday.
Bitcoin vulnerable despite surge in stablecoin market capitalization
Bitcoin price closed below the $62,000 support on Wednesday, showing signs of weakness. CryptoQuant report shows how rising stablecoin market capitalization could be a positive sign for Bitcoin and other cryptocurrencies.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.