Brazil's annual inflation slowed for the tenth consecutive month in mid-March, although underlying readings remained elevated as the central bank resists mounting political pressure to lower interest rates.
Consumer prices rose 5.36% from a year earlier, down from last month's reading of 5.63% but slightly above the median estimate of analysts surveyed by Bloomberg of 5.33%.
Monthly inflation slowed to 0.69%, according to official data released Friday.
Monetary policymakers kept the benchmark rate at 13.75% this week for the fifth consecutive meeting, angering President Luiz Inácio Lula da Silva and his . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here