Trial now

(U1) Needle Points North


(U1) Holding Onto Gains

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.


  • 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.