BaCen
Between Signals and Flexibility: the Central Bank’s Communication in F
Domestically, both the Copom Minutes and the Quarterly Inflation Report (RPM) highlighted an asymmetrically upside-skewed inflation risk balance and suggested a declining
Update
External “hawk”, Brazil “dove”
Externally, in the U.S., the FOMC kept interest rates unchanged (3.50%–3.75%), removed forward guidance, and signaled a more hawkish stance amid persistent uncertainty,
Research
Exclusive Buying time
Externally, the U.S.–Iran conflict has now reached the one‑month mark with no concrete progress, heightening global uncertainty and raising risks for inflation and fina
Update