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BCB Release Minutes Of September Meeting

BRAZIL
  • BCB minutes here: https://www.bcb.gov.br/en/publications/copomminutes
  • “Inflation expectations remain above target and have been relatively stable recently. Some members were particularly concerned about the possibility of deanchored targets for an extended period. Secondly, the process of disinflation continues, with services inflation decelerating at the margin. Some members emphasized in particular the recent benign composition of inflation and the decrease in services inflation, while others stressed that the underlying fundamentals for the dynamics of services inflation, particularly the resilience of economic activity and the labor market, do not yet allow for a convincing extrapolation of the recent benign behavior.”
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