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2022 Inflation Expectations Moving Away From Target: Campos Neto

BRAZIL

Comments from BCB Governor Campos Neto:

  • Brazil saw great improvement in covid-19 numbers
  • Brazil's services inflation in line with EM average
  • Brazil's inflation is spreading more broadly
  • Brazil's interest rate curve distancing itself from peers
  • Brazil central bank likely to cut GDP estimates
  • Brazil is importing world inflation
  • Brazil '22 inflation expectations moving away from target
  • Inflation under control is key for brazil's growth
  • Brazil's structural growth is a market concern
  • Brazil needs fiscal framework transparency
  • Brazil must keep pace of reforms (All BBG)

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