Approval Ratings Stable Despite Rising Inflation Expectations

July 2008 | Ratings Update

Rising inflation expectations in Brazil will be a pivotal theme in October's upcoming municipal elections, with a recent Ibope poll showing that 65% of respondents now expect inflation to rise over the next six months, up from 49% in March. For the time being, rising inflation expectations have had little, or no impact on President Luiz Inácio Lula da Silva's and his administration's approval ratings.

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