Analysts at TD Securities are expecting the BCB to remain on hold today, keeping the Selic rate at 6.50%. Key Quotes “We see the central bank as being highly unlikely to respond to the supply-driven shock to inflation (trucker’s strike), given the coincidental negative growth implications.” “While we don’t believe the BCB would have felt pressure to hike rates to help stabilize the real during the May and June USD rally, the easing in pressure on BRL and recent propensity to appreciate creates additional space for the central bank to communicate a non-hawkish tone to the market.” 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 FOMC meeting: No major developments expected – Nomura FX Street 5 years Analysts at TD Securities are expecting the BCB to remain on hold today, keeping the Selic rate at 6.50%. Key Quotes "We see the central bank as being highly unlikely to respond to the supply-driven shock to inflation (trucker's strike), given the coincidental negative growth implications." "While we don't believe the BCB would have felt pressure to hike rates to help stabilize the real during the May and June USD rally, the easing in pressure on BRL and recent propensity to appreciate creates additional space for the central bank to communicate a non-hawkish tone to the market." 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.
