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MNI BRIEF: BCB's Guillen Worried About Inflation Expectations

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Brazil's central bank deputy for economic policy, Diogo Guillen

(MNI) BRASILIA

Lingering concerns over above-target inflation expectations require restrictive monetary policy, Central Bank of Brazil deputy governor of economic policy Diogo Guillen said Wednesday.

"There are some things that worry us, and we had emphasized that [in Copom statements], related to inflation expectations", Guillen told an event sponsored by JP Morgan. According to a Focus survey, expectations are at 3.5% for 2025, 2026 and 2027, above the center of the 3% target. (See MNI POLICY: Brazil's Copom Sticks To 50BPS As Doves Fly)

Inflation expectations "if inflation expectations are above the target, then it also puts you in a steady state of readjustments which will be above the target, that requires a restrictive monetary policy," added the BCB deputy.

BellEM Policy NewsEM Policy StoryEM BriefLatAmBrazilStoryRegion
BellEM Policy NewsEM Policy StoryEM BriefLatAmBrazilStoryRegion

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