LatAm Daily | Inflation recedes in Brazil, but remains at very-high levels

Summary

Inflation in Brazil moderated in monthly terms at the beginning of September, but remained at 9.57% in annual terms. Improvements in the trade, services and income accounts have driven the current account deficit to lower levels than expected, both than the previous figure and that the deficit one year ago. Today, the BCB’s credit market report will be released.

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