Larry Brainard

Chief Economist
+ 44 (0) 203 008 6092

Alejandro Tamola

Economic Adviser

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Recent Brazil research

* Brazil: New electoral rules for 2018, Grace Fan, Elizabeth Johnson, 12 Oct 2017
* Brazil: Little time left for reform, Elizabeth Johnson, Grace Fan, 5 Oct 2017
* Brazil: Foreign investors buoy energy auctions, Elizabeth Johnson, Grace Fan, 28 Sep 2017
* Brazil: Foreign investors buoy energy auctions, Elizabeth Johnson, Grace Fan, 28 Sep 2017
* Brazil: Temer shifts back to survival mode, Grace Fan, Elizabeth Johnson, 20 Sep 2017

See all our Brazil research >>

The last credible central bank

Overview

With central banks across the globe falling over themselves to ease monetary policy, Brazil’s Banco Central (BC) has been standing firm. The BC’s reluctance to cut interest rates to stimulate the economy reflects its concern that inflation could push through the upper limit of its inflation-targeting band. But current data show that the economy hit the wall in October and inflation appears to be peaking. We expect these trends to strengthen in the coming weeks, leading to a reversal...

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