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BCB Chief Acknowledges Improving Expectations, Says Room For Action Ahead

BRAZIL
  • BCB President Roberto Campos Neto has been speaking at an event tied to retail development in Brazil.
  • CORE INFLATION DROPPING SLOWLY IN LATIN AMERICA
  • CORE INFLATION HAS FACED DIFICULTIES TO DROP
  • BRAZIL'S CAMPOS NETO SAYS WE WILL HAVE INFLATION BETWEEN 4.5-5% THIS YEAR, BETTER THAN WE HAD EXPECTED, BUT CORE INFLATION STILL HIGH
  • INFLATION EXPECTATIONS STARTED TO IMPROVE, WERE STABILIZED FOR THE LONG TERM AND STARTED TO IMPROVE
  • YIELD CURVE HAS DROPPED SHARPLY
  • MARKET IS GIVING CREDIBILITY TO WHAT IS BEING DONE, WHICH OPENS ROOM FOR MONETARY POLICY ACTION AHEAD – Reuters News

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