Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • Publications
    • Photo Gallery
  • Membership
    • Member Companies
    • Sponsorships
  • DID Member Login

Brazil sets ambitious 2021 inflation target of 3.75%

June 26, 2018 by

Brazil’s National Monetary Council (CMN) on Tuesday set an ambitious inflation target of 3.75% for 2021, consolidating its policy of gradual reduction for the inflation rate. The council also re-affirmed its targets of 4.25% for 2019 and 4.0% for 2020. The target for 2018 is 4.5%. In all cases, the council maintained a target band of 1.5 percentage points. The target, and the band, are part of the Brazilian government’s inflation targeting policy, set in motion in 1999 as a bar against high inflation rates. Under the policy, the Brazilian Central Bank is obliged to employ interest rates and other tools to keep inflation within the target range. Inflation is currently running a little under 4.0%.

Link to government news agency release

More Testimonials

Filed Under: Uncategorized

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2021 | Brazil-U.S. Business Council | Privacy Policy