Brazil inflation expectations to improve over time, says central bank chief
- Brazil's central bank chief Roberto Campos Neto said on Monday that policymakers believe inflation expectations should stabilize and improve over time, after recently citing concerns about them deviating from the official target.
Campos Neto said various factors have been affecting inflation expectations, including uncertainties about monetary and fiscal credibility. In a split decision earlier this month, the central bank cut rates by 25 basis points to 10.50%, following six cuts twice that size.
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