The Brazilian central bank is expected to cut interest rates by 50 basis points for the sixth consecutive time
According to reports from Caijing, the Central Bank of Brazil is expected to cut its key interest rate for the sixth consecutive time by 50 basis points. However, due to rising inflation risks, the Central Bank of Brazil may soon slow down its monetary easing pace. Traders in the local forward market are betting that this may be the last time the Central Bank of Brazil cuts rates on such a scale, and starting from June, the rate cut will be adjusted to 25 basis points.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global markets hit by "Black Friday" as hawkish Fed comments dash hopes for rate cuts
Global markets remain volatile as Wall Street continues to await economic data guidance