Brazil inflation likely edged up in January while staying below central bank ceiling
Consumer prices likely rose to 4.44 percent last month but stayed under the central bank ceiling. This trend bolsters hopes for a March interest rate cut.
Insights:
Brazil 
BR's annual inflation is estimated to have reached 4.44% in January, according to a Reuters poll of 20 economists conducted between February 4 and February 9. This figure, while an increase from the 4.26% recorded in December, remains below the 4.50% upper limit of the target range set by the Banco Central do Brasil. The result, published ahead of the official release from the IBGE, has strengthened market expectations that the central bank may begin cutting interest rates as early as March.
BR's annual inflation is estimated to have reached 4.44% in January, according to a Reuters poll of 20 economists conducted between February 4 and February 9. This figure, while an increase from the 4.26% recorded in December, remains below the 4.50% upper limit of the target range set by the Banco Central do Brasil. The result, published ahead of the official release from the IBGE, has strengthened market expectations that the central bank may begin cutting interest rates as early as March.
