Kashkari: US inflation remains too high. - Minneapolis Federal Reserve Bank President Neel Kashkari stated on Sunday that inflation in the U.S. economy remains too high,
Cardano rose 10% - Cardano was trading at $0.2445 at 15:24 (12:24 GMT) on Monday according to the Investing.com Index,
Private-sector economists in Brazil have lowered their forecast for the country's benchmark interest rate for the end of 2026,
according to a central bank survey released on Monday.
The "Focus" survey showed that economists now expect the Selic rate to reach 13.50% by the end of that year, down from the previous forecast of 13.75%. This revision implies one additional 25-basis-point cut.
Last week, Brazil's central bank cut the interest rate by 25 basis points to 13.75%, marking the fifth consecutive meeting with a rate reduction. The bank maintained flexibility in its approach ahead of next month's presidential election.
Latin America's largest economy is showing clearer signs of slowing growth, while inflation has declined.
Economists kept their forecast for the Selic rate at the end of 2027 unchanged at 12%.
The survey indicated that the IPCA inflation index is projected to end 2026 at 4.92%, slightly higher than the previous estimate of 4.90%. The inflation forecast for the end of 2027 remained unchanged at 4.30%.
Brazil's central bank maintains an inflation target of 3%, with a tolerance band of 1.5 percentage points above or below that level.