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BCB’s Campos Neto Highlights Concern About Rising Inflation Expectations

BRAZIL
  • BCB President Campos Neto said at an event hosted by FGV on Friday that rising inflation expectations were bringing bad news for the central bank.
  • He highlighted several causes for this, including fiscal policy, the external backdrop and concerns over the BCB’s credibility following the recent split vote.
    • Campos Neto: We're seeing cpi expectations rising steeply (BBG)
    • Brazil inflation expectation bringing bad news
    • Campos Neto says understanding service inflation is important
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  • BCB President Campos Neto said at an event hosted by FGV on Friday that rising inflation expectations were bringing bad news for the central bank.
  • He highlighted several causes for this, including fiscal policy, the external backdrop and concerns over the BCB’s credibility following the recent split vote.
    • Campos Neto: We're seeing cpi expectations rising steeply (BBG)
    • Brazil inflation expectation bringing bad news
    • Campos Neto says understanding service inflation is important