Brazil government considers lowering 2024 inflation target to 3%

The final decision has not yet been made and some members of the economic team still advocate maintaining the target at 3.25%, the same level established for 2023.

RIO DE JANEIRO, BRAZIL - The government is leaning toward setting a more ambitious inflation target of 3% for 2024 in an attempt to signal a commitment to anchoring expectations, according to three people familiar with the discussion.

The final decision has not yet been made and some members of the economic team still advocate maintaining the target at 3.25%, the same level established for 2023.

This would be a way to assist the fiscal aspect, as it would avert additional pressure on the spending cap, which establishes that spending growth must be limited to the inflation rate of the . . .

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