Larry Brainard

Chief Economist
+ 44 (0) 203 008 6092

Alejandro Tamola

Economic Adviser

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Recent Brazil research

* Brazil: Keeping the flame alive, Grace Fan, Elizabeth Johnson, 7 Dec 2017
* Brazil: Down to the wire, Grace Fan, Elizabeth Johnson, 30 Nov 2017
* Brazil: The rise of the Right, Grace Fan, Elizabeth Johnson, 22 Nov 2017
* Brazil: Energy overhaul plans are unveiled, Elizabeth Johnson, Grace Fan, 16 Nov 2017
* Brazil: Energy overhaul plans are unveiled, Elizabeth Johnson, Grace Fan, 16 Nov 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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