Reported 5 months ago
Brazil's Finance Minister Fernando Haddad stated that despite good consumer price readings, the country's monetary policy remains "very restrictive," with inflation running within the central bank's target range. The central bank recently reduced the pace of its easing cycle by lowering Brazil's benchmark interest rate by 25 basis points to 10.5%, after previously making larger cuts. Haddad emphasized the importance of fiscal and monetary policies being aligned to control inflation, as the annual inflation rate in Brazil reached 3.69% in April, within the central bank's target range.
Source: YAHOO