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Brazil Central Bank Chief Says He’s Aiming for Sub-4% Inflation

  • Policy makers raised 2022 GDP forecast to 1.7% from 1%
  • Inflation remains widespread and above 10% since September
Roberto Campos Neto, Brazil’s Central Bank president
Roberto Campos Neto, Brazil’s Central Bank presidentPhotographer: Andressa Anholete/Bloomberg
Updated on

Brazil’s central bank chief Roberto Campos Neto said policy makers are aiming for inflation below 4% next year as part of their efforts to bring it near the 3.25% target. 

“For us, around the target means under 4%,” he said at an online press conference on Thursday, clarifying language used in the statement that accompanied last week’s interest rate decision. “If it’s 4%, then we understand that we have to act. We don’t have an exact number. It’s part of a strategy.”