The drop in Brazilian inflation in January, to 5.4% y/y from 6.3% y/y in December, means that another large 75bp cut in the Selic interest rate is on the cards later this month. Elsewhere, inflation in Chile rose last month but this is unlikely to deter the central bank from easing policy further at next week’s meeting.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.