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Brazil central bank to remain vigilant on inflation after missing 2022 target -governor

Wednesday, January 11, 2023
Brazil central bank to remain vigilant on inflation after missing 2022 target -governor © Reuters. FILE PHOTO: People walk in front the Central Bank headquarters building in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado

BRASILIA (Reuters) - Brazil's central bank chief Roberto Campos Neto said on Tuesday that policymakers have taken the necessary steps to ensure inflation reaches its targets until 2025, reinforcing they will remain vigilant to see if keeping interest rates at the current 13.75% level for long enough will ensure such convergence.

In an open letter to justify 2022 inflation at 5.79%, above the government's target of 3.5% and the top 5% of its tolerance band, he said the inertia from 2021 inflation and higher commodity prices were important factors, also mentioning imbalances between demand and supply, shocks in food prices and recovery in services and employment.

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23-03-2023 21:57:20 (UTC+7)

EUR/USD

1.0894

+0.0039 (+0.36%)

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EUR/USD

1.0894

+0.0039 (+0.36%)

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1.2317

+0.0053 (+0.43%)

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131.18

-0.26 (-0.20%)

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0.6723

+0.0041 (+0.61%)

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 EUR/USD1.0894↑ Buy
 GBP/USD1.2317↑ Buy
 USD/JPY131.18↑ Sell
 AUD/USD0.6723↑ Buy
 USD/CAD1.3635↑ Sell
 EUR/JPY142.89Buy
 EUR/CHF0.9952↑ Sell
 Gold1,983.75↑ Sell
 Silver23.198↑ Sell
 Copper4.1125↑ Buy
 Crude Oil WTI71.42↑ Buy
 Brent Oil77.25↑ Buy
 Natural Gas2.254↑ Buy
 US Coffee C174.70↑ Sell
 Euro Stoxx 504,209.05↑ Buy
 S&P 5003,994.88↑ Buy
 DAX15,226.55↑ Buy
 FTSE 1007,521.60↑ Buy
 Hang Seng20,049.64↑ Buy
 Small Cap 20001,768.45↑ Buy
 IBEX 359,009.96↑ Buy
 BASF46.515↑ Buy
 Bayer56.03Neutral
 Allianz207.48↑ Buy
 Adidas142.07↑ Buy
 Lufthansa9.914↑ Buy
 Siemens AG144.70↑ Buy
 Deutsche Bank AG9.455Neutral
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Cập nhật 23-03-2023 21:57:23
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Cập nhật lúc 18:50:17 23/03/2023
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