Banco Central do Brasil (BCB) cuts the Selic rate by 50bps, accommodating the median expectation of a highly divided set of market policy estimates, economists at TD Securities brief. USD/BRL trades at 5.106. Key quotes “The BCB noted inflation expectations sit below target at 3.1%, 3.65% and 3.5% for 2020, 2021, and 2022.” “In the decision to lower the Selic rate by 50bps, the BCB cited ‘a higher than usual variance in the balance of risks’.” “We consider our forecast for the BCB to be on hold past the March meeting to be under consideration for revision, and maintain our weaker BRL call for 5.50.” 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 New Zealand: Coronavirus recession will be deeper than the GFC – Westpac FX Street 2 years Banco Central do Brasil (BCB) cuts the Selic rate by 50bps, accommodating the median expectation of a highly divided set of market policy estimates, economists at TD Securities brief. USD/BRL trades at 5.106. Key quotes “The BCB noted inflation expectations sit below target at 3.1%, 3.65% and 3.5% for 2020, 2021, and 2022.” “In the decision to lower the Selic rate by 50bps, the BCB cited ‘a higher than usual variance in the balance of risks’.” “We consider our forecast for the BCB to be on hold past the March meeting to be under consideration for revision, and maintain our… 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.
