The smaller-than-expected fall in inflation in Brazil to 4.1%y/y in the first half of February shouldn’t prevent the central bank from kicking off its easing cycle next month. But it does mean that the odds of a larger 50bp cut (that we currently have pencilled in) have lengthened.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services