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Brazil’s Central Bank estimates inflation of 4.8% in 2023

The Brazilian Central Bank (BC) estimated inflation above the target in 2023. The monetary authority's projection went from 4.6% in September to 4.8% in October.

The new percentage was disclosed on Tuesday, November 1, in the minutes of the Copom (Monetary Policy Committee).

The report gave details of the last meeting of the collegiate, which decided, for the second time in a row, to maintain the basic rate, the

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