Small font size A Larger text size A Largest text size A

Brazil's central bank sees inflation above target in early 2028

BY Reuters | ECONOMIC | 09/25/25 07:15 AM EDT

SAO PAULO, Sept 25 (Reuters) - Brazil's central bank on Thursday released updated long-term inflation projections, forecasting that in the first quarter of 2028, its final period considered, inflation will reach 3.1%, still above the official 3% target.

The figure was included in the bank's quarterly monetary policy report, in which it also revised this year's economic growth forecast to 2.0%, down from 2.1% projected in June.

Policymakers unveiled for the first time their projection for GDP expansion in 2026, seen at 1.5%. (Reporting by Fernando Cardoso; Editing by Aida Pelaez-Fernandez)

More Fixed Income News

Fed Guaranteed To Cut Interest Rates? Polymarket, Kalshi Bettors Expect Nearly 100% Chance As Jerome Powell Takes Center Stage BY Benzinga |ECONOMIC 05:10 AM EST
INDIA RUPEE-Indian rupee dips after choppy trading, Fed's rate decision in focus BY Reuters |ECONOMIC 05:06 AM EST
Greek industrial output rises 6.4% y/y in October BY Reuters |ECONOMIC 05:06 AM EST
Germany's 10 year yield hits fresh nine-month high, Fed in focus BY Reuters |ECONOMIC 05:04 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article