Brazil inflation cools in August boosting rate cut bets
Brazilian annual inflation slowed more than expected in August as consumer prices posted their steepest monthly decline in four years. The soft data strengthens the case for the central bank to deliver another interest rate cut next week.
Brazil's annual inflation slowed to 4.22% in August, bolstering expectations for another interest rate cut next week. The consumer price index fell 0.32% in August, marking the lowest monthly reading since August 2022.
