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Global Inflation Trend Still Growing: Campos Neto

  • Brazil and Russia are the only emerging countries with benchmark interest rates above their neutral stances which is needed to bring inflation back to target, said Brazil’s central bank chief Roberto Campos Neto during an online event.
    • Global bottlenecks are a demand issue, not supply (BBG)
    • Brazil power rate prices had recent small drop (BBG)
    • Global inflation trend is still growing, with persistent energy shocks (BBG)

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