Reported about 8 hours ago
Brazil's annual inflation rate dropped less than anticipated in early January, registering a 4.5% increase from the previous year, against a forecast of 4.36%. Despite a reduction in energy costs, inflationary pressures remain strong, primarily due to rising food prices and other expenses, prompting policymakers to consider a second 100 basis points interest rate hike. The new central bank chief faces significant challenges as concerns about public spending escalate alongside a deteriorating currency.
Source: YAHOO