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MNI BRIEF: Credibility Built Over Time, BCB's Campos Neto Says

Central Bank of Brazil governor Roberto Campos Neto spoke at an event.

MNI (MEXICO CITY) - Central Bank of Brazil governor Roberto Campos Neto said Wednesday that credibility in monetary policy is not built on the outcome of one or two meetings but rather through a consistent and transparent decision-making process over time.

“The best way to build credibility is by conducting monetary policy based on a technical and well-communicated framework, which is what we have been doing,” Campos Neto said at a Santander-sponsored event in São Paulo. “The exercise of credibility is not about one or two meetings, it’s about the decision-making process over time and the transparency in communication, which must always be technical.”

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MNI (MEXICO CITY) - Central Bank of Brazil governor Roberto Campos Neto said Wednesday that credibility in monetary policy is not built on the outcome of one or two meetings but rather through a consistent and transparent decision-making process over time.

“The best way to build credibility is by conducting monetary policy based on a technical and well-communicated framework, which is what we have been doing,” Campos Neto said at a Santander-sponsored event in São Paulo. “The exercise of credibility is not about one or two meetings, it’s about the decision-making process over time and the transparency in communication, which must always be technical.”

Keep reading...Show less