Trump, Brazil and tariff
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Brazil's monthly inflation slowed for the fourth time in a row in June, but the annual rate ticked up and remained well above the official goal, data showed on Thursday, prompting the central bank to release a letter to justify missing the target.
The official rate surpassed 4.5% for the sixth time in a row, thus breaching the new method adopted by the National Monetary Council early this year to gauge the adequacy of price changes.
A trade war looms as President Lula da Silva refutes Trump's claims of trade imbalance and rejects demands to interfere with judicial proceedings
Brazil's monthly inflation is expected to have slowed for the fourth time in a row in June due in part to lower gasoline prices, a Reuters poll showed.
Brazil’s Central Bank released a letter explaining why the Broad National Consumer Price Index (IPCA) surpassed the target in June.
Brazil's consumer price data for May will likely show an acceleration in inflation, reflecting the damage from recent disastrous floods in the south, according to a Reuters poll published on ...
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Brazil's central bank on Thursday said it was confident in its strategy to hold interest rates steady even as its updated projections showed it would not meet its 3% inflation target through 2027.
President Donald Trump is threatening to impose 50% tariffs on Brazilian imports — a move that could spike prices of breakfast staples like coffee and orange juice.
Annual inflation in Brazil reached 4.7% in March, the lowest since January 2021, as the impact of external shocks continues to vanish.
Brazil's central bank expressed confidence in its capacity for keeping inflation close to the official target until the end of 2027.