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Decline in Brazil’s inflation rate nears bottom (Revised from Oct-9)

As Brazil solidly exits its 4+ year recession their interest rates are expected to drop yet again. Currently, interest rates have dropped from 14% to 8.25%. Inflation rates have fallen from nearly 10% to 2.54% which is well below the Central Banks ideal rate of 4.5%. In addition to lower Inflation and lower interest rates Brazil’s economy will be getting a nice boost from a strong August harvest which will increase their exports and bring more money into Brazil. A revised estimate expects 2018 GDP growth to 1.7% with a potential high of 3% by the end of Quarter 1, 2018. 

The BRICS Post. (07 Oct. 2017). Decline in Brazil’s inflation rate nears bottom. [online] http://thebricspost.com/decline-in-brazils-inflation-rate-nears-bottom/#.WduJlmhSyM8

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