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BCB’s Serra Says Selic Rate Around 13% For A Specific Moment

BRAZIL
  • Brazil's Bruno Serra says next Copom meeting to focus on 2023
  • Brazil needs to fight CPI second round effects
  • Says BRL appreciation to impact prices
  • Says job market is not tight
  • Brazil's monetary cycle to impact activity
  • Brazil's Selic around 13% is for a specific moment
  • Brazil's interest rate to converge to neutral levels (ALL BBG)
    • The central bank co-director speaks while attending Kinea public event.

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