Brazil's Central Bank Raises Inflation Forecast for This Year for the 11th Consecutive Week
Brazil's Central Bank has raised its inflation forecast for 2026 for the eleventh consecutive week, now expecting it to reach 5.04% compared to the previous estimate of 4.92%. This upward revision is attributed to rising fuel prices stemming from geopolitical tensions in the Middle East. The central bank's target for inflation management between 2024 and 2026 remains at 3%, with a permissible fluctuation of 1.5 percentage points. AI