Impacted by the Middle East conflict, Brazil raises inflation expectations for eight consecutive weeks

```htmlGolden Ten Data reported on May 5 that, according to the weekly survey released by the Central Bank of Brazil on May 4 local time, Brazil's financial market has raised its expectation for the National Consumer Price Index (IPCA) this year from 4.86% to 4.89%. Due to increasing uncertainty caused by the Middle East conflict, financial markets have raised their expectation for the National Consumer Price Index for the eighth consecutive week, exceeding the target range set by the central bank. Previously, the Central Bank of Brazil's Monetary Policy Committee set the central target at 3%, with an allowed fluctuation of 1.5 percentage points, meaning a lower limit of 1.5% and an upper limit of 4.5%.```