Central Banks
Brazil’s Central Bank Sees Inflation Improving, Fanning Bets of Interest Rate Cuts
- Campos Neto says data shows slight improvement in core prices
- Central bank holding rates at 13.75% despite easing inflation
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Brazil central bank President Roberto Campos Neto said there are positive signs on inflation coming from lower electricity and commodity prices, further fueling a selloff in the real as traders bet interest rate cuts may come earlier than expected.
Crucial core inflation readings, which strip out volatile items including food and energy, had a “slight improvement” in data published earlier today, Campos Neto said Thursday during an interview with local TV station GloboNews.