The BCB is widely expected to end its easing cycle, but remain dovish thanks to repressed inflation projections over the coming two years. BRL will not be affected by the expected decision but comments of unorthodox monetary policies can hit the real, according to economists at TD Securities. Key quotes “We expect the BCB to cut one final 25bp step and continue to sound sufficiently dovish.” “The BCB only expects a brief breach of the 2021 3.75% inflation target, but that this breach will remain well within the tolerance range. This leads us to believe that the BCB has no reason to sound concerned with upside inflation dynamics due to low rates, at least any time soon.” “BRL will not be affected by the expected decision, however, any indication of unorthodox monetary policies under consideration, now or in the future, may harm the currency.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Short-term top in place in AUD/USD – UOB FX Street 2 years The BCB is widely expected to end its easing cycle, but remain dovish thanks to repressed inflation projections over the coming two years. BRL will not be affected by the expected decision but comments of unorthodox monetary policies can hit the real, according to economists at TD Securities. Key quotes “We expect the BCB to cut one final 25bp step and continue to sound sufficiently dovish.” “The BCB only expects a brief breach of the 2021 3.75% inflation target, but that this breach will remain well within the tolerance range. This leads us to believe that the BCB has no… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
