Brazil economy to grow ‘slightly’ in Q3: central bank minutes

• Inflation is well-contained and should remain so, allowing for "additional adjustment of the degree of stimulus".
• the third quarter of this year, keeping the recovery rolling at a "gradual pace".

BRASILIA: Brazil's economy is expected to grow "slightly" in the third quarter of this year, keeping the recovery rolling at a "gradual pace", minutes of the central bank's rate-setting committee, known as Copom, showed on Tuesday.

Inflation is well-contained and should remain so, allowing for "additional adjustment of the degree of stimulus", according to minutes of Copom's Sept. 17-18 meeting when policymakers reduced the benchmark Selic rate by 50 basis points to a new low of 5.50pc.