Rabobank analysts note that for the Brazilian economy, in the minutes of last week’s Copom policy meeting (out this morning), the BCB seeks to reaffirm the flight plan of rate stability in the short term. Key Quotes “Although the authority keeps talking down market expectations about imminent cuts, the lack of momentum in the economy prompts relevant downside risks to our call of rate stability until (at least) mid-2020.” “In our view, for the BCB to start mulling rate cuts, it would probably have to see a clearer signal about the passing of key fiscal reforms in Congress, such as a first round approval of an effective pension reform at the Lower House floor.” “That said, we believe market talks on immediate rate cuts might only be back in 19H2, if the pension reform advances materially in Congress and if the economy continues to disappoint.” 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 GBP/USD looking for a new direction, like Brexit Yohay Elam 4 years Rabobank analysts note that for the Brazilian economy, in the minutes of last week's Copom policy meeting (out this morning), the BCB seeks to reaffirm the flight plan of rate stability in the short term. Key Quotes "Although the authority keeps talking down market expectations about imminent cuts, the lack of momentum in the economy prompts relevant downside risks to our call of rate stability until (at least) mid-2020." "In our view, for the BCB to start mulling rate cuts, it would probably have to see a clearer signal about the passing of key fiscal reforms in Congress, such as… 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.
