Extent of Brazil Easing Cycle Is Limited, Central Bank Says (1).

Brazil's inflation projections allow for gradual and moderate interest rate cuts but indicate a limit to the extent of the easing cycle, the country's central bank said on Tuesday. Since then, consumer price increases in September were the lowest in two years, prompting analysts in the central bank's weekly survey to reduce their inflation estimates to 6.89 percent for 2016 and to 5 percent for 2017, still above the bank's 4.5 percent target. [Extracted from the article]