{
  "id": 19377327,
  "title": "Brazil’s Central Bank Sees 5.6% Inflation",
  "url": "https://urgent.news/2026/11/10/brazils-central-bank-sees-5-6-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T18:39:32.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/brazil-central-bank-minutes-inflation-forecast-selic-2026/"
  },
  "original_language": "en",
  "account": "Brazil's central bank, known as Copom, has signaled that it will maintain tighter monetary policy for an extended period due to higher-than-target inflation. The bank's forecast for 2026 is 5.6% inflation, surpassing the official limit of 4.5%, according to minutes from its November 3-4 meeting. Copom kept the Selic interest rate at 13.75% on November 4, pausing a series of cuts. The bank attributes rising inflation to four supply shocks: higher oil prices, El Niño weather patterns, the end of Brazil's 6×1 work schedule, and a weakening Brazilian real. Copom expects inflation to drop to 3.5% in the second quarter of 2028, but this still exceeds the bank's 3% target. The central bank emphasizes that when expectations diverge from the target, tighter and longer-term monetary measures are necessary. They anticipate continued economic challenges from geopolitical tensions and monetary policy in advanced economies.",
  "summary": "Brazil's central bank forecasts 5.6% inflation for 2026 after holding the Selic at 13.75%, and says rates must stay tight for longer. The post Brazil’s Central Bank Sees 5.6% Inflation appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}