Inflation accelerated slightly in November, but is below what economists expected.

Inflation accelerated slightly in November, but is below what economists expected
Our chief economist, Luis Otavio Leal participated in an interview with Jornal da Globo and commented on the expectations of the Copom meeting to be held on 12/12/23. What has been confirmed is that benign inflation could open the doors to stronger cuts in 2024.
Watch the full interview by clicking here (in Portuguese only).
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The current outlook leaves little room for additional interest rate cuts in Brazil.
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It is interesting how the landscape has changed since the last meeting. In June, Copom spoke of an acceleration in growth, and now, the Committee recognizes a moderation in economic activity
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