Brazil Central Bank on Verge of Turning Point as Inflation EasesBy and
Inflation expectations are closer to central bank’s target
Cut signals start of recovery from Brazil’s deepest recession
For six years, Brazil’s central bank failed to achieve its mandate of ensuring price stability, damaging its credibility and eroding Brazilians’ purchasing power. Even as the nation’s economy nose-dived into the worst recession on record, policy makers had little choice but to stick with one of the highest interest rates among G-20 nations.
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