Brazilian inflation may be stabilising – official data


Inflation in Brazil is starting to stabilise, according to the latest official data released on November 25.

The mid-November year-on-year inflation reading was 10.7%, the official statistical agency announced. This is the same level recorded in the full-month data for October.

In a bid to bring inflation closer to its 3.75% inflation target, the Central Bank of Brazil has increased interest rates this year by 575 basis points from 2% to 7.75%. It has also signalled it intends to increase them

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