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BRAZIL: BCB's Galipolo Reiterates All Options on the Table for September

BRAZIL
  • Qucikly becoming the most vocal member of the BCB amid elevated speculation he is to become the next central bank Governor, BCB's Galipolo has been on the wires, reiterating that all options are on the table for September and that inflation expectations remain unanchored.
    • "LOCAL INFLATION EXPECTATIONS ARE UNANCHORED"
    • "LOCAL GDP ESTIMATES HAVE BEEN REVISED UP"
    • “WE HAVE ALL OPTIONS ON THE TABLE FOR RATE DECISION" (BBG)
  • Timely following both 2024 and 2025 year-end inflation expectations edging higher in the most recent Focus Survey released earlier today.

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