Latin America Economics

Latin America Data Response

10 January, 2018

Brazil Consumer Prices (Dec.)

The rise in Brazilian inflation to 3.0% y/y last month leaves it right at the lower bound of the central bank’s 4.5±1.5% target range, which should provide room for a further 25bp cut in the Selic interest rate at the next Copom meeting in February. But inflation is clearly drifting upwards, meaning that this is likely to be the last move in the current easing cycle.

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