INSUBCONTINENT EXCLUSIVE:
Central bankers, led by Roberto Campos Neto, have highlighted the impact of increased public spending on efforts to control inflation.For
the fourth consecutive week, Brazilian analysts have raised their inflation expectations for 2024
They now foresee consumer prices rising above the acceptable range, as investors become less concerned about government spending.According
to a weekly survey of economists conducted by the central bank, consumer prices are projected to increase by 4.55% in December.This figure
Analysts expect annual inflation to reach 4% by the end of next year and 4.04% over a similar twelve-month period.Roberto Campos Neto and
his team of central bankers have warned about the consequences of rising public expenditures on efforts to achieve an inflation target of
3%.Focus: Brazilian Economists Increase Inflation Forecasts Amid Rising Public Spending
(Photo Internet reproduction)As the government raises the minimum wage and expands cash transfers, households are likely to increase their
in Washington, D.C., last week
These concerns contributed to their decision to raise interest rates to 10.75% last month.In early October, annual inflation accelerated to
Residential electricity bills surged, while food and beverage prices also rose due to a severe drought.Finance Minister Fernando Haddad has
Analysts in the survey have kept their interest rate estimates stable at 11.75% for the end of this year and 11.25% for 2025.
