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- Brazil is inclined to set a more ambitious inflation goal of 3% for 2024 in a bid to signal policy makers' commitment to anchor market expectations, according to three people familiar with the discussion.
- A final decision has not been made yet and some members of the economic team argue for maintaining the target at 3.25%, the same level set for 2023.
- Brazil's monetary council is expected to make a decision on Thursday. Economy Minister Paulo Guedes, central bank President Roberto Campos Neto and Economy Ministry Special Finance Secretary Bruno Funchal are the among its members.