Brazil Central Bank on Verge of Turning Point as Inflation Eases

Updated on
  • 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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