IPCA rose 0.24% in June and 5.35% over 12 months, breaching continuous target system of 4.5% 07/10/2025 Brazil’s official inflation, as measured by the Extended Consumer Price Index (IPCA), rose 0.24% in June, slightly down from 0.26% in May, according to data released by the national statistics agency IBGE. While modest, it […]
Justice Moraes questions legitimacy of tax hike while urging better dialogue between branches of government 07/04/2025 Supreme Federal Court (STF) Justice Alexandre de Moraes on Friday (4) suspended both the executive and legislative decrees related to Brazil’s Financial Transactions Tax (IOF) and summoned representatives from the Presidency, Senate, Chamber of Deputies, and Office […]
Lula promotes integration; Milei warns against economic rigidity 07/04/2025 On the day Brazil assumed the rotating presidency of Mercosur, President Lula said the South American bloc serves as “a refuge where we feel safe” and shields its members from “foreign trade wars.” Speaking in Buenos Aires during the handover ceremony from Argentina, President […]