Banco Central do Brasil

The Central Bank of Brazil's recent Copom meeting highlighted ongoing uncertainties in the external environment, particularly due to U.S. economic policies, while domestic economic activity is showing signs of moderation. Inflation remains above target, necessitating continued vigilance in monetary policy to ensure convergence towards the inflation goal.

• External uncertainties persist, influenced by U.S. economic conditions and geopolitical tensions, affecting emerging markets.
• Domestic economic indicators show a moderation in growth, with inflation expectations for 2025 and 2026 remaining above target.
• The labor market remains resilient, but there are mixed signals regarding economic indicators, necessitating careful monitoring.

Economic Indicators

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