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.”
