EZB8RISK / Market Briefing

Brazil's inflation picture stays in focus, with mid-September readings coming in above forecasts and energy costs a key driver, keeping cost-of-living pressure on the incumbent ahe

Brazil's inflation picture stays in focus, with mid-September readings coming in above forecasts and energy costs a key driver, keeping cost-of-living pressure on the incumbent ahead of the tight election. The government extended its diesel subsidy at current levels, citing fuel price volatility, a sign of continued intervention in the inflation fight. The Brazil ETF remains in a soft drift, with no fresh market verdicts to shift the tone.

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