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RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Divergent BCB Opinions Regarding Degree Of Signaling For Next Steps

BRAZIL
  • BCB Minutes here: https://www.bcb.gov.br/en/publications/copomminute...
  • "The Committee unanimously believes that flexibilization of the degree of monetary tightening requires confidence in the trajectory of the disinflation process, since premature flexibilization could lead to a reacceleration of the inflationary process and, consequently, to a reversal of the monetary easing process itself."
  • "...a divergence was observed in the Committee concerning the degree of signaling regarding the next steps. The prevailing assessment was that the continuation of the ongoing disinflationary process, with its consequent impact on expectations, may allow the necessary confidence to be built up to start a parsimonious process of inflection at the next meeting."
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