The larger-than-expected jump in Brazilian inflation, to 10.7% y/y, last month, coming alongside a rise in inflation expectations and continued fiscal risks, increases the likelihood that Copom ups the pace of tightening (from the 150bp step in October) when it meets in early December.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.