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New Copom Composition Unlikely To Have Short-Term Impact

BRAZIL
  • Despite investor expectations that the two new policymakers, picked by President Luiz Inacio Lula da Silva, will be more dovish, two former Copom deputies told MNI that the change is not expected to have a short-term impact.
  • Both of them feel the BCB's strategy is well-established, and that while there will be a longer-run effect on board discussions, this will largely be felt after the end of 2024, following the conclusion of Governor Roberto Campos Neto's term.

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