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Brazil s Central Bank Are Set to Slow Pace of Rate Cuts After Changing Guidance
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Brazil s Central Bank Is Set to Slow Pace of Rate Cuts After Changing Guidance
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Brazil central bank to cut rates by 50 basis points for fifth time on Jan 31
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Brazil's monthly inflation probably sped up in December on higher costs of farm products and airfares, but the annual rate should have remained close to the central bank's upper target, a Reuters poll showed. Overall, consumer prices in Latin America's No.1 economy behaved better in 2023 than previously thought, thanks to outstanding agricultural conditions, strict monetary policy, and some fiscal restraint efforts from the government. Brazil's IPCA inflation index is forecast to have increased 0.48% in December, compared to a 0.28% rise in November, according to the median estimate of 23 economists polled Jan. 3-9.