Brazil's annual inflation in April rose slightly to 3.69%, slowing down interest rate cuts.
Brazil's annual inflation for April rose slightly to 3.69% YoY, just above the predicted 3.66%. Central bank interest rate cuts have slowed down, marking a deceleration in the easing cycle. The central bank's split decisions on easing, with hawkish members wanting to lower borrowing costs slowly to reach the 3% target and dovish members favoring deeper cuts to boost growth, may influence future pace of interest rate cuts.
May 10, 2024
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