Soaring inflation
$Nu Holdings (NU.US)$
Brazil's inflation rate remains high at 5.79% in December 2023. This is far above the central bank's target limit of 3.25% ± 1.5%.
Central banks are implementing interest rate increases to control inflation. Interest rates have been raised 13 times in a row since 2022/3, and the policy interest rate has been raised to 13.25%.
Brazil's inflation rate remains high at 5.79% in December 2023. This is far above the central bank's target limit of 3.25% ± 1.5%.
Central banks are implementing interest rate increases to control inflation. Interest rates have been raised 13 times in a row since 2022/3, and the policy interest rate has been raised to 13.25%.
However, interest rate hikes have also raised concerns about an economic slowdown. How to balance inflation control and economic growth has become an issue for central banks.
I wonder if it will explode when this inflation is suppressed and interest rate cuts begin.
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