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MNI BRIEF: Multiple BCB Paths To Inflation Target-Galipolo

Central Bank of Brazil Deputy Governor for Monetary Policy Gabriel Galipolo spoke at an event.

MNI (BRASILIA) - Central Bank of Brazil Deputy Governor for Monetary Policy Gabriel Galipolo said Wednesday that there are multiple paths to achieving the inflation target and emphasized that the board had once again opted not to provide forward guidance.

“The two main messages from the minutes are the absence of guidance and the lack of a mechanical relationship with any of the variables,” he said at an event sponsored by Bradesco Asset. “There are several paths to achieving this target," he added.

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MNI (BRASILIA) - Central Bank of Brazil Deputy Governor for Monetary Policy Gabriel Galipolo said Wednesday that there are multiple paths to achieving the inflation target and emphasized that the board had once again opted not to provide forward guidance.

“The two main messages from the minutes are the absence of guidance and the lack of a mechanical relationship with any of the variables,” he said at an event sponsored by Bradesco Asset. “There are several paths to achieving this target," he added.

Keep reading...Show less