Brazil’s read on inflation

#Brazil (and #Chile‘s) central banks see #inflation before the rest of them.

Today, Brazil’s central bank raised interest rates.

They changed direction.

https://www.bloomberg.com/news/articles/2024-09-18/brazil-central-bank-hikes-interest-rate-to-10-75-as-economy-runs-hot?utm_source=website&utm_medium=share&utm_campaign=copy

Forget what the U.S. is doing.

It pays to queue off their moves.

Taming inflation, ask Brazil

The circles in the chart below denotes when Brazil’s central bank 

changed interest rates direction compared to where the Brazil’s inflation rate was, at the time.

September 19, 2024

by Rob Zdravevski

rob@karriasset.com.au