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25th Oct 2023 19:39Latin America, Daily Monitor

  • Inflation in Brazil was under control in Q3, despite the uptick driven by unfavourable base effects.
  • Alongside rapidly weakening economic activity, this will allow policymakers to cut rates boldly.
  • Improving fiscal conditions also mean the COPOM can cut to neutral in Q2, but geopolitics are a threat.

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Keywords for: 27 October 2023 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence