The jump in Brazilian inflation to a higher-than-expected 4.2% y/y in the middle of the month (and the prospect of further increases over the rest of Q3) are likely to dash hopes that the central bank will step up the pace of its easing cycle at the next few meetings. We think it will continue to cut the Selic rate in 50bp steps.
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