14758
Brazil Inflation Slows
World Economy

Brazil Inflation Slows

Brazil’s inflation in the month through mid-April slowed less than economists estimated, increasing economists’ expectations that the central bank will continue its pace of rate increases. Swap rates rose. Inflation as measured by the benchmark IPCA-15 index slowed to 1.07% from 1.24% a month earlier, the national statistics agency said on its website Friday. That was faster than the median 1.02% forecast from 37 economists surveyed by Bloomberg. Annual inflation sped up to 8.22% from 7.90%. Analysts forecast 8.17%. Inflation running above the government’s target range is adding to the challenges facing President Dilma Rousseff’s economic team. While monthly inflation probably peaked with the bulk of regulated price adjustments now implemented, it will only recede gradually and force the central bank to continue raising rates in its next monetary policy meeting on Apr. 29, said Neil Shearing, chief emerging market economist at Capital Economics.

 

Short URL : http://goo.gl/QlkOGN

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Trending

Googleplus