Steve Hanke(@steve_hanke):Copom, the policy committee of Brazil's central bank, said Brazil's monetary conditions were substantially contractionary". WRONG. Money supply (M4) is growing at 11.0%/yr, ABOVE Hanke's Golden Growth Rate of 7.1%/yr a rate consistent with hitting Brazil's inflation target of 3%/yr. That's why inflation is HOT, at 4.62%/yr.

Steve Hanke

@steve_hanke

Professor of Applied Economics @JohnsHopkins | Senior Contributing Columnist @Fortune | FX & Commodity Trader | Reagan White House | Views are my own

Joined October 2012

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Steve Hanke@steve_hanke

2026.11.06 06:29

Copom, the policy committee of Brazil's central bank, said Brazil's monetary conditions were substantially contractionary". WRONG. Money supply (M4) is growing at 11.0%/yr, ABOVE Hanke's Golden Growth Rate of 7.1%/yr a rate consistent with hitting Brazil's inflation target of 3%/yr. That's why inflation is HOT, at 4.62%/yr.