Brazil IBC-Br Falls 0.22% in July, June Revised Down to -0.88%

Brazil's central bank activity index (IBC-Br) dropped 0.22% in July, with June revised deeper to -0.88%, signaling continued economic weakness in H2. The year-over-year gain of 1.1% slightly beat expectations, but the downward revision and consecutive monthly declines reinforce forecasts of sluggish growth. This raises pressure on the central bank to consider rate cuts, though inflation dynamics remain a constraint.