Economics
Brazil Central Bank Vows to Do What’s Needed to Tame Prices
- Foreigners perceive fiscal deterioration, Campos Neto says
- Consumer-price estimates remain above target for 2021 and 2022
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Brazilian policy makers will do whatever it takes to bring inflation expectations back to target despite a perceived deterioration in the country’s fiscal outlook, according to central bank President Roberto Campos Neto.
“Keeping inflation anchored is key at this moment, when we are facing consecutive inflationary shocks and it’s becoming difficult to model inflation,” Campos Neto said on Thursday at an online event organized by the national association of bars and restaurants.