Brazil’s central bank is aggressively combating inflationary pressures, bolstering country-specific and real currency exchange traded funds.

Inflation levels have slowed for the third consecutive month in September, with the benchmark IPCA index up 5.86% year-over-year, reports David Biller for Bloomberg.

The central bank raised its benchmark Selic rate to 9% in August, the third straight 50 basis point increase, and is expected to raise the benchmark rate another 50 basis points in its monetary policy meeting Wednesday.

Brazil’s central bank also introduced a $60 billion program to support the Brazilian real currency and help Forex fluctuations from stoking inflation. The real has appreciated 10.4% since the program was introduced on Aug. 22. The WisdomTree Brazilian Real Fund (NYSEArca: BZF) has gained 11.5% since then.

Meanwhile, the Brazilian government has cut back on stimulus measures, including consumer tax breaks.

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