MACROBrazil
Central bank sees a 90% chance of inflation breaching the target ceiling in 2026, and Galípolo warns of predatory credit offers
The Monetary Policy Report released by the central bank on September 24 raised from 79% to 90% the probability of 2026 IPCA inflation ending above the 4.5% target ceiling; for 2027, the chance rose from 28% to 33%. At the report presentation, central bank governor Gabriel Galípolo said he sees aggressive and even predatory credit offers, with household debt and debt service at high levels and rising defaults, and said the central bank is studying measures and will increase frictions in credit granting.