The Brazilian Real has been steady against the Dollar. However, the USD/BRL is set to move higher as politicians may increase their pressure on the Brazilian central bank, economists at ING report.
When politics and central banking collide
“Politicians are keen for the central bank to start cutting interest rates. However, in its most recent update, the central bank has warned about long-run inflation expectations increasingly moving away from target – clearly at odds with calls for rate cuts.”
“With core rates so high, we doubt investors will have too much patience for this kind of friction and we would favour further under-performance of the Real.”
“Were the politicians to increase their pressure on the Brazilian central bank – then USD/BRL could trade up to 5.40.”
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。