Free Trial

Policy Makers Mull Setting Bolder Inflation Target of 3% for 2024

BRAZIL

(Bloomberg)

  • Brazil is inclined to set a more ambitious inflation goal of 3% for 2024 in a bid to signal policy makers' commitment to anchor market expectations, according to three people familiar with the discussion.
  • A final decision has not been made yet and some members of the economic team argue for maintaining the target at 3.25%, the same level set for 2023.
  • Brazil's monetary council is expected to make a decision on Thursday. Economy Minister Paulo Guedes, central bank President Roberto Campos Neto and Economy Ministry Special Finance Secretary Bruno Funchal are the among its members.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.