π EM easing cycles are hitting their inflation ceilings, and Brazil's Copom is up first
The day in view
π EM easing cycles are hitting their inflation ceilings, and Brazil's Copom is up first
India's RBI held at 5.25% but lifted its FY2027 CPI forecast to 5.1%. Brazil's Copom meets June 16-17 as the first test of whether EM easing cycles can survive domestic inflation that keeps running above target.