BrasíliaInflation has passed the top of Brazil’s target range while growth slows.
The central bank keeps policy restrictive, so borrowing costs stay high for households and firms.
The minutes name 4 supply shocks: oil, El Niño, the end of the 44-hour work week and a weaker real.
Weaker demand could contain spillover into broader inflation, the bank said.
ABC Brasil expects the Selic rate to stay at 13.75% through at least the end of 2027.
How each outlet framed it
- Reuters
- ties the stalled easing to four supply shocks, including the 44-hour week ending, not just oil and the currency
- Bloomberg Business
Sources: Reuters, Bloomberg Business