Brazil Flash: ”…and still inflation does not converge”

Summary

The just-released Inflation Report presents ''less benign'' inflation forecasts than before. Inflation does not converge to the target anytime soon in any of the scenarios presented. Still, the CB sees a ''more favorable'' balance of risks due to a ''substantial deterioration'' of the external environment and suggests extra ''moderate adjustments'' in the SELIC.

Geographies

Topics