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Brazil's National Monetary Council set the 2026 inflation target at 3% and moved to a continuous 24-month horizon for assessing target compliance starting in 2025. The change confirmed market expectations and was to take effect via presidential decree.
A more flexible inflation framework improves the outlook for rate cuts, which tends to weaken the real and modestly support Brazilian export competitiveness in soy and corn.
investing.comJun 29, 2023After 12 past bullish policy events, Brazilian Real (BRL per USD) moved a median +1.5% over 5 sessions (58% higher; middle half -1.1% to +2.0%), and +2.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
