Reported 8 months ago
Brazil's central bank is facing a crisis due to high inflation forecasts and waning confidence in its monetary policy decisions. Concerns have arisen over potential political interference and a possible shift towards leniency on inflation targets. The institution risks losing credibility and faces challenges in regaining control of inflation expectations amidst growing market unease. The upcoming policy decision on June 19 is seen as crucial for the central bank's credibility.
Source: YAHOO