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BCB and BoC to stay on hold

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events BCB to leave rates unchanged (by Arnaud Masset) Global investors should not get to comfortable as the recent correction looks like profit taking rather than a structural led reversal. With the political gridlock and expectations for additional downgrades from rating agencies BRL downside looks attractive. The situation in Brazil keeps worsening: inflation expectations for 2015 and 2016 are still unanchored and continue to rise steadily. According to the latest BCB survey,

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