[DISCONTINUED] Monetary - Brazil - BCB - Inflation Target & Bands

This dataset includes Brazil monthly inflation target established by the Central Bank. In early 1999, the Brazilian Government established a monetary policy regime based on an inflation-targeting framework (Presidential Decree No. 3,088). Since then, the inflation target—a midpoint and its tolerance interval— is set by the National Monetary Council (CMN) in terms of the year-over-year increase of the Broad National Consumer Price Index (IPCA), measured by the Brazilian Institute of Geography and Statistics (IBGE). The BCB’s Monetary Policy Committee (Copom) sets the target for the Selic rate every 45 days in a two-day meeting.