Brazil Inflation Slowing

Brazil Inflation Slowing


As inflation slows in Brazil, economists expect the central bank to start easing rates in January 2009. “December’s IPCA-15 came in at 0.29%, well below our forecast of 0.40% and median market consensus of 0.43%,” says UBS Pactual, which expects headline inflation to stay at around 0.30%, bringing the 12-month figure to just below 6.00% by the end of 2008. Barclays, meanwhile, says that that the domestic supply-demand imbalance may no longer pose an inflation threat near term, and that global

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