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Campos Neto Says BCB Has Reacted To Inflation Expectations

BRAZIL

Campos Neto says there's a global inflation problem

  • Brazil is at average for EM on services inflation
  • Brazil core CPI ex-food, energy at average for EM
  • Says energy issue is global, seems more persistent
  • Brazil has acted early on interest rate hike
  • We have reacted to expectations, being transparent
  • Brazil cap gives some freedom to spend when needed (All BBG)

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