Brazilian consumer prices rose at the fastest pace in nine months in January on higher transport, food and drink costs, reinforcing bets the central bank will miss its year-end inflation target as the economy rebounds.
Brazilian interest-rate forecasts by economists and traders are diverging by the most this year. Recent history shows traders are more accurate predictors of the country’s monetary policy.
Brazil’s inflation quickened to the fastest pace in five months in September as food prices pushed the annual rate above the government’s target.
"The new economic team is at the center of attention as better coordination of fiscal and monetary policies is needed."
- Solange Srour on Nov 17, 2014