BRAZIL: Debate Around Rate Trajectory Normal, Goal Remains Clear - Galipolo
Nov-12 14:34
- Brazil Central Bank Governor Galipolo has been speaking in Sao Paulo, as part of the press conference on the Financial Stability Report. While he said the existing debate about central bank’s next steps is normal, Galipolo explains that the BCB’s goal is clear, and that they legally have to pursue the 3% inflation target.
- Furthermore, the BCB Chief said “in an environment of high uncertainty, we try to be factual, data-driven, report how we see things”, adding that “we will remain data dependent”.Other headlines included the following (via Reuters):
- Unemployment is lower than expected, inflation is now gradually in a downward path.
- Preliminary estimates of the impact of broader income tax exemptions were incorporated in our calculations.
- We have been vigilant as inflation expectations remain unanchored for years ahead.
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