Brazil: Another huge 100bp cut in rates coming - Rabobank

Michael Every, Senior Asia-Pacific Strategist a Rabobank, points out that in Brazil we have a Selic rate decision, where the consensus is another huge 100bp cut in rates from 10.25% to 9.25%: single-digit interest rates again for the first time since 2013!

Key Quotes

“Certainly, BRL despite a marked dip yesterday back to 3.17 is feeling festive, having soared from 3.34 around a month ago.”