EconomyBrazil inflation slows in July, returns to central bank target range
Brazil’s annual inflation rate eased in July, broadly matching market expectations. Data released by the statistics agency IBGE showed that inflation moved back within the central bank’s tolerance range. The report attributed the continued moderation to the effects of tight monetary policy filtering through the economy. The figures indicate that price pressures have softened as those policy effects continue to take hold.
Brazil inflation slows in July, returns to central bank target range
