Brazil Inflation Dips Back Toward Target Range, Backing Case for Interest Rate Cuts
- Prices rose 0.24% on month and 4.82% on year in October
- Central bank will apply two half-point rate cuts through Jan.
This article is for subscribers only.
Brazil’s annual inflation rate dropped more than expected, nearing the target range after policymakers committed to maintaining their current pace of interest rate cuts for the coming months.
Official data released Friday showed consumer prices rose 4.82% in October from a year earlier, below the 4.87% median estimate of analysts surveyed by Bloomberg. Monthly inflation hit 0.24%.