Brazil IGP-DI Inflation Index (Mar) M/M 1.1% vs exp. 1.1% (prev. -0.84%)
The Brazil IGP-DI inflation index for March came in at 1.1%, matching expectations after a previous contraction of -0.84%.
IRGC claims they attacked US oil facilities in Yanbu, Saudi Arabia last night, according to state media
Iran’s IRGC say they hit energy complexes and oil transfer lines linked to the US and Israel last night, state media reports
Brazil IGP-DI Inflation Index (Mar) M/M 1.1% vs exp. 1.1% (prev. -0.84%)
Iran Shipping Secretary General says collecting tolls in the Strait of Hormuz is logical and enforceable, Tehran Times reports
EU Commission spokesperson says this energy crisis will not be short-lived
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This confirms a rebound in inflationary pressures, which could influence the central bank's monetary policy as they weigh growth against rising prices, particularly in an emerging market context.
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