Brazil's inflation remained well above the central bank's target range in its mid-July reading, official data showed on Friday, as policymakers gather next week for a meeting at which they are widely expected to hold interest rates at a two-decade high.

Inflation figures released last week in Brazil showed the country had pierced the target ceiling for the first time since the National Monetary Council changed early this year the way the accumulated increase is calculated.

Brazil central bank is likely to keep its base Selic interest rate on hold at 15.% on July 30, keeping its tightest monetary stance.

Brazil's economic growth will stay on track despite the imposition of U.S. tariffs, according to a Reuters poll of economists, but inflation appears at greater risk of worsening if trade negotiations flounder.

That puts Brazil at odds with the region’s second-biggest economy, Mexico, which is poised to cut rates for a third consecutive time next month after its annual inflation slowed in September.

Brazil central bank slashed their 2026 inflation projection for the first time in over two months, in what may be a positive sign for monetary authorities.

Private economists polled weekly by Brazil's central bank trimmed their 2026 inflation outlook for the first time in over two months, according to a survey released on Monday, in a welcome development for the central bank.

Brazil's IPCA-15 index fell 0.73% in the period, compared to a 0.13% rise in the previous month, maintaining the downward trend reported for the full month of July as well. It was the lowest rate ...

Brazil's central bank targets inflation at 3%, plus or minus 1.5 percentage points, and has been tightening its monetary policy in order to return it to the official goal.