Central Banks
Brazil Central Bank Governor Roberto Campos Neto Says Inflation Forecasts Will Improve
- Comments come after economists raised ‘24-’26 price forecasts
- Some analysts warning there’s no more room to cut rates
Shoppers at a grocery store in Sao Paulo.
Photographer: Tuane Fernandes/BloombergThis article is for subscribers only.
Brazil’s central bank chief said consumer price forecasts will improve, pushing back hours after a closely-watched survey showed economists lifting their 2024-2026 inflation estimates further above target.
While cost-of-living estimates have risen again due to “recent noise,” they should stabilize and then improve with time, Roberto Campos Neto said at an event on Monday. “I think one can be optimistic,” he said.