Central Banks
Brazil’s Central Bank Says It’s Too Early to Celebrate Deflation
- IMF sees inflation in Latin America at 14.6% this year
- Brazil, Chile signaled interest rates are at their peak
This article is for subscribers only.
Brazil’s three consecutive months of falling consumer price indexes aren’t reason to celebrate yet, said central bank chief Roberto Campos Neto.
“A lot is because of government measures, so we don’t think it’s a special reason to celebrate. But the dynamics are getting better,” Neto said at a banking conference in Washington taking place alongside the International Monetary Fund’s annual meetings.