Brazil's inflation print came in hotter than all forecasts, landing at 4.47% just as the presidential race between Lula and Bolsonaro tightens ahead of the vote. That combination o
Brazil's inflation print came in hotter than all forecasts, landing at 4.47% just as the presidential race between Lula and Bolsonaro tightens ahead of the vote. That combination of sticky prices and election-season fiscal promises keeps the central bank's cautious stance front and center, with little room for a friendlier policy tone. The market ETF continues its soft drift as investors weigh the political calendar against the inflation surprise.
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