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MNI BRIEF: All Options Open Next Meeting - BCB Deputy Galipolo

(MNI) BRASILIA

Brazil's central bank deputy governor for monetary policy, Gabriel Galipolo, spoke at an event.

Brazil's central bank deputy governor for monetary policy, Gabriel Galipolo, said Tuesday the recent unanchoring process of inflation expectations is a point of concern, noting that the board opted for not providing any forward guidance "keeping all alternatives open" for the next meeting, on July 31.

"We had a process where there was already an unanchoring and there was an increase in short and long-term interest rates, and we saw this unanchoring expand, even with the current inflation process showing a more benign behavior," Galipolo said in an event sponsored by the credit union Sicred.

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Brazil's central bank deputy governor for monetary policy, Gabriel Galipolo, said Tuesday the recent unanchoring process of inflation expectations is a point of concern, noting that the board opted for not providing any forward guidance "keeping all alternatives open" for the next meeting, on July 31.

"We had a process where there was already an unanchoring and there was an increase in short and long-term interest rates, and we saw this unanchoring expand, even with the current inflation process showing a more benign behavior," Galipolo said in an event sponsored by the credit union Sicred.

Keep reading...Show less