Sacha Tihanyi, deputy head of emerging markets strategy at TD Securities, suggests that they have revised their BCB rate outlook and now expect two more consecutive 50bps cuts from the BCB, beginning with the meeting this Wednesday. Key Quotes “The acceleration of the pension reform process and stronger indication that net saving over the course of 10 years is likely to be on the level of 800bn to 900bn reais improves the risk-reward profile for the BCB to be more proactively easing sooner rather than later, in order to provide much-needed economic support.” “Dependent on the Fed’s forward indications for policy following this week’s expected U.S. rate cut, some risk for BRL weakness exists. The Brazil curve has well priced-in further easing, though economists remain split with 50% surveyed by Bloomberg expecting a 25bp cut, 42% expecting a 50bp cut, and the residual seeing no change in policy.” 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 EUR/USD off lows, re-takes 1.1150 ahead of German CPI FX Street 4 years Sacha Tihanyi, deputy head of emerging markets strategy at TD Securities, suggests that they have revised their BCB rate outlook and now expect two more consecutive 50bps cuts from the BCB, beginning with the meeting this Wednesday. Key Quotes "The acceleration of the pension reform process and stronger indication that net saving over the course of 10 years is likely to be on the level of 800bn to 900bn reais improves the risk-reward profile for the BCB to be more proactively easing sooner rather than later, in order to provide much-needed economic support." "Dependent on the Fed's forward indications for… 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.
