Daniel Sinigaglia, Latam Economist at Standard Chartered, expects Brazil’s monetary policy committee (COPOM) to keep rates at 6.50% when it meets today. Key Quotes “Since the latest meeting on 20 June, the underlying conditions for monetary policy decisions have improved significantly. In particular, several of the inflation risks underlined in the latest Banco Central do Brasil (BCB) communications have taken a more constructive turn.” “Domestically, the truckers’ strike in late May appears to have produced a transitory inflation uptick, according to recent consumer price data and surveys. In addition, a more stable external risk backdrop in July has provided increased support for emerging-market sentiment.” “These factors will likely allow COPOM to continue to pursue its “lower for longer” strategy, though much will depend on potential volatility created by the general election in October. USD-BRL has fallen 5.1% in July, helping to anchor currency expectations at 3.70 for both 2018 and 2019. BCB has reduced FX swap interventions (from USD 38bn to zero between June and July), a reflection of lower market volatility.” 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 India: RBI hiked the benchmark repo rate by 25bps – TDS FX Street 5 years Daniel Sinigaglia, Latam Economist at Standard Chartered, expects Brazil's monetary policy committee (COPOM) to keep rates at 6.50% when it meets today. Key Quotes "Since the latest meeting on 20 June, the underlying conditions for monetary policy decisions have improved significantly. In particular, several of the inflation risks underlined in the latest Banco Central do Brasil (BCB) communications have taken a more constructive turn." "Domestically, the truckers' strike in late May appears to have produced a transitory inflation uptick, according to recent consumer price data and surveys. In addition, a more stable external risk backdrop in July has provided increased… 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.
