BUSINESSTHE RIO TIMES
Brazil’s Softer June Inflation Tilts Bets Toward an August Rate Cut
Brazil's June inflation, as measured by the IPCA-15, rose 0.41%, below the expected 0.44%, with residential electricity increasing 2.04% as the largest contributor. The softer inflation has shifted expectations toward a potential August rate cut. Food price trends also contributed to the easing inflationary pressures.
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