Central bank estimates Brazilian inflation at 7.3% in 2022 -Copom minutes

The Committee stated significant uncertainty about the future development of commodity prices. The communiqué indicated that there would be another increase at the next meeting in June, but on a smaller scale.

RIO DE JANEIRO, BRAZIL - Brazil's Central Bank (BC) estimates that inflation will be 7.3% at the end of 2022, above this year's target, according to the latest Focus Bulletin survey. A rate of 3.4% is also forecast for 2023.

The percentages were announced in the minutes of the Monetary Policy Committee (Copom). Click here for the full document.

The College raised the prime rate, the Selic, by one percentage point to 12.75% per annum. In . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?