INSUBCONTINENT EXCLUSIVE:
He spoke about inflation expectations and interest rates during an interview in Washington with CNBC.Campos Neto explained that Brazil is at
a different stage compared to other countries
market and a positive output gap
The Central Bank chief expressed concern about inflation expectations moving away from the target.He stressed the importance of
Market projections for 2024 inflation stand at 4.50%, which is at the upper limit of the target range
For 2025, the forecast is 3.99%.Central Bank Chief Addresses Inflation Concerns and Interest Rate Challenges in Brazil
(Photo Internet reproduction)Campos Neto emphasized the need for positive fiscal changes to achieve lower interest rates
current base interest rate in Brazil is 12.75% (R$ 12,750 / $2,276)
When asked about his impartiality, Campos Neto pointed out that the Central Bank raised rates during the 2022 election campaign.He explained
Regarding the global economic outlook, Campos Neto expects a soft landing for the U.S
economy.He noted that the upcoming U.S
election might lead to inflationary policies, potentially keeping interest rates higher than expected
