RIO DE JANEIRO, BRAZIL - Brazil's Broad National Consumer Price Index (IPCA-15) has reached double-digit 12-month highs for the first time since the beginning of 2016 after Brazil's official inflation forecast for September was higher than expected and at the highest level for the month in 27 years.
Amid intense monetary tightening amid concerns about inflation, the IPCA-15 rose 1.14% in September, after a high of 0.89% in August. As a reaction in the market, the DIs, interest rate futures contracts, rose in all scenarios starting in January 2022.
This was the highest . . .