Bloomberg Brazil’s central bank signalled inflation will end 2022 above target while saying a “significantly restrictive” cycle of interest rate hikes will help pull cost of living increases be low 5%. Inflation is converging to target over the relevant time horizon, which includes 2022 and 2023, bank chief Roberto Campos Neto wrote in a letter published on Tuesday. “In …

  Bloomberg Coinbase Global Inc is acquiring futures exchange FairX in its biggest step yet towards expanding into crypto derivatives. Already registered with US regulators, the firm could give Coinbase the edge it needs in getting a derivatives marketplace up and running. Terms of the deal were not provided. “This is the most important stepping stone for us to help …

  Bloomberg The Bank of Japan (BOJ) is expected to stand pat on policy, but adjust its view of inflation risks for the first time since 2014 to account for the global price spikes pushing other central banks to rein in stimulus. All 48 economists surveyed by Bloomberg see the BOJ keeping its negative interest rate and asset purchases unchanged …