# Tag: IPCA

- [Brazilian Treasury pays R$257 billion today in largest-ever NTN-B redemption](https://brazilstockguide.com/insights/brazil-treasury-r257-billion-record-ntn-b-redemption/) (2026-08-17): Record payment surpasses the previous high set in 2024 and is comfortably covered by a R$1.35 trillion liquidity buffer.
- [El Niño, the Inflation That Falls From the Sky](https://brazilstockguide.com/behind-the-lines/el-nino-the-inflation-that-falls-from-the-sky/) (2026-06-15): With the inflation target tight and models under strain, the weather event turns inflation into a risk-management problem and may prolong the Central Bank’s caution.
- [Brazil’s 2027 Outlook Weakens as Inflation and Fiscal Pressures Rise, BTG Pactual Says](https://brazilstockguide.com/insights/brazils-2027-outlook-weakens-as-inflation-and-fiscal-pressures-rise-btg-pactual-says/) (2026-06-09): The bank raises its 2026 GDP forecast but cuts 2027 growth, warning that higher inflation, fiscal stimulus and a more restrictive Selic are narrowing Brazil’s room for maneuver.