May 28, 2024 12:36 GMT
IMF Completes 2024 Article IV Visit to Brazil
BRAZIL
- According to its Article IV press release, the IMF have noted that Brazil’s economy has shown remarkable resilience as inflation has declined to within the target interval. IMF staff expects growth to moderate in the near term before strengthening to 2.5% over the medium term—an upward revision from 2.0%.
- The careful pace of monetary easing has been appropriate and consistent with the inflation targeting framework, according to the IMF. As disinflation proceeds, maintaining flexibility on the pace and length of the easing cycle is prudent given a tight labor market and above-target inflation expectations.
- Link here: https://www.imf.org/en/News/Articles/2024/05/27/pr...
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