Free Trial

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.
76 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • “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.