Free Trial

Inflation Ahead of Expectations, But Still Confirms Slowdown of Price Pressures

BRAZIL
  • Brazil IPCA Price Index (Apr) M/M +0.61% vs. Exp. +0.55% (Prev. +0.71%), Y/Y +4.18% vs. Exp. +4.12% (Prev. +4.65%)
  • A higher-than-expected inflation turnout for Brazil - although not too far outside of expectations. Confirms slowdown of price pressures, albeit at a slower pace - and argues against central government desire of short-term rate cut.
  • USDBRL just opened - rate inches off yesterday's lows but remains toward the bottom-end of the two-day range. 4.9261 remains first modest support for now.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.