Brazil’s Central Bank Prudent Steps in Brazil’s Monetary Tightrope

The Central Bank of Brazil’s Committee on Monetary Policy (Copom) has recently expressed concerns about the unpredictable pace of inflation reduction. This uncertainty is driven by persistent inflation in the service sector, strong economic activity, and wage increases. In response, the committee reduced the Selic rate from 11.25% to 10.75% annually during their latest meeting. […]

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