Core Insights - The Brazilian consumer confidence index (ICC) rose for the second consecutive month in October, driven by improvements in employment and inflation [1] - The ICC increased by 1 point to 88.5, continuing a recovery trend since March of this year [1] - The improvement in consumer sentiment is primarily attributed to a rebound in low-income households' emotions [1] Economic Indicators - The current situation index (ISA) and the expectations index (IE) both increased by 1 point, reaching 83 and 92.8, respectively [1] - The local economic situation evaluation index rose to 95.5, while the economic outlook evaluation index reached 106.9, marking the highest levels since October 2024 [1] Influencing Factors - Strong employment and income performance, along with declining inflation, have alleviated consumer pessimism [1] - However, high credit default rates and the maintained benchmark interest rate limit further recovery in consumer confidence [1] Monetary Policy - The Brazilian central bank has kept the Selic benchmark interest rate at 15% [1] - The central bank's governor, Roberto Campos Neto, indicated that monetary policy is in a phase of maintaining high interest rates to ensure inflation returns to mid-term targets [1]
【环球财经】FGV：10月巴西消费者信心连续第二个月回升