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BCB's Galipolo Keeps Option Of Rate Hike On The Table

BRAZIL
  • Speaking at an event today, BCB Deputy Governor Galipolo has reiterated that the option of an interest rate hike remains on the table and that the central bank will have to see how the situation plays out. The BCB remains data dependent and isn't given out guidance for the next meeting.
  • Galipolo remains uncomfortable with the inflation outlook, in particular services inflation, and says that the risks to inflation remain asymmetrical.
  • He also said that the BCB won't get side-tracked from meeting its inflation target and that he sees higher chances of a costlier disinflation process.

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