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.
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