Slower Money Growth Helps Price Stability

May 2007 | Data Release

Broad money supply growth, as measured by M3, has been slowing in recent months even as the Brazilian economy has accelerated. In March, M3 grew by 16% y-o-y, slightly slower than the 20% y-o-y registered during the same month in 2006. We believe that slower growth in M3 will keep inflationary pressures at bay, giving the

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