Economics
Brazil’s Campos Neto Sees Need to Act Fast as Inflation Gains
- Inflation in Latin America’s biggest economy is reaching 10%
- “Core inflation is higher than we want,” policy maker said
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Brazil’s central bank will need to “act fast” to prevent a further deterioration of the country’s inflation expectations, its President Roberto Campos Neto said.
“We are seeing many different inflationary shocks building on top of each other. It’s very important to act fast to prevent inflation expectations from de-anchoring,” Campos Neto said at an online event Wednesday organized by Credit Suisse Group AG.