October 29, 2024 10:34 GMT
BRAZIL: Governor Campos Neto Reiterates Inflation Expectations Worry Copom
BRAZIL
- “Brazil central bank chief Campos Neto says we have a very tight workforce and unanchored inflation expectations that worry us a lot”
- “It is very difficult to work with lower interest rates without having a positive fiscal shock” (Reuters)
- Comments are in line with headlines on Monday where the BCB Governor said the government needs a big enough plan to change perceptions and that appositive shock would influence the long-end of the curve, FX and therefore CPI expectations.
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