Brazil’s Central Financial institution unconvinced by current inflation slowdown

Brazilian inflation ended final yr above the federal government’s 2-to-5-percent goal band for the third yr in a row. Nonetheless, by worldwide requirements, Brazil’s 12-month client worth improve was solely the world’s 144th highest in 2022. Inflation in Latin America’s largest financial system had by no means been so low since 2007. However the Central Financial institution appears unimpressed by the nation’s current inflation slowdown.

Shopper costs rose 4.65 % within the yr by means of March, down from 11.3 % a yr earlier. However Central Financial institution head Roberto Campos Neto, talking at an occasion with enterprise leaders and policymakers, identified that core inflation

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