The Brazilian Central Bank (BCB) cut the Selic (policy) rate by 50bps to a new historical low of 3.75%, as expected by analysts at Rabobank and by the consensus. USD/BRL trades at 5.109. Key quotes “The BCB cut the Selic policy rate by 50bps to a new historical low of 3.75%.” “The authority seems to reveal a cautious flight plan in terms of new stimuli ahead.” “We keep looking for one more rate cut of 25bps in the next meeting in May, with the Selic ending the year at 3.50%, and still foresee the policy rate at 5.00% by end 2021.” 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 Japan: Trade surplus hits multi-year highs in February FX Street 2 years The Brazilian Central Bank (BCB) cut the Selic (policy) rate by 50bps to a new historical low of 3.75%, as expected by analysts at Rabobank and by the consensus. USD/BRL trades at 5.109. Key quotes “The BCB cut the Selic policy rate by 50bps to a new historical low of 3.75%.” “The authority seems to reveal a cautious flight plan in terms of new stimuli ahead.” “We keep looking for one more rate cut of 25bps in the next meeting in May, with the Selic ending the year at 3.50%, and still foresee the policy rate at 5.00% by end… 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.
