Brazil's inflation slows to 0.21% in mid-April

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Chassidy’s ultimate challenge | SaltWire #ultimatechallenge #canada #realitytvSAO PAULO - Brazil's consumer prices rose slightly less than expected in the mid-April reading, data from statistics agency IBGE showed on Friday.

"All told, the inflation picture continues to improve in Brazil, thanks to favorable base effects, the lagged effect of high-interest rates and softening domestic demand," said Andres Abadia, Chief Latam Economist at Pantheon Macroeconomics. Brazil's central bank delivered 50-basis-point interest rate cuts at each of its last six meetings, but Governor Roberto Campos Neto has opened the door for that easing pace to be reduced.

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