The Central Bank (BC) said on Thursday (Dec. 15) that the probability of Brazilian inflation being above the target in 2023 is 57%.
The monetary authority's current projections indicate that the annual rate will be 5% next year, above the permitted range of 2.75% to 4.75%.
The estimates were released in the Quarterly Inflation Report.
Brazil's inflation target is 3.25% in 2023, but there is a tolerance of 1.5 percentage points, more or less.
The IPCA (National Wide Consumer Price Index) measures the country's official inflation.
The monetary authority indicates that the rate . . .
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