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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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07-02-2023 22:00:56 (UTC+7)

EUR/USD

1.0680

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EUR/USD

1.0680

-0.0050 (-0.47%)

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1.1976

-0.0040 (-0.33%)

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131.99

-0.65 (-0.49%)

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+0.0012 (+0.17%)

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 EUR/USD1.0680↑ Sell
 GBP/USD1.1976↑ Buy
 USD/JPY131.99↑ Sell
 AUD/USD0.6893↑ Sell
 USD/CAD1.3457↑ Sell
 EUR/JPY140.96↑ Sell
 EUR/CHF0.9900↑ Buy
 Gold1,883.05↑ Buy
 Silver22.247↑ Buy
 Copper4.0118↑ Buy
 Crude Oil WTI75.30↑ Buy
 Brent Oil81.91↑ Buy
 Natural Gas2.576↑ Buy
 US Coffee C176.55Neutral
 Euro Stoxx 504,201.75↑ Buy
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 DAX15,298.35Buy
 FTSE 1007,857.95Neutral
 Hang Seng21,298.70↑ Sell
 Small Cap 20001,945.55Buy
 IBEX 359,156.92↑ Sell
 BASF52.895↑ Buy
 Bayer58.65↑ Buy
 Allianz218.93↑ Buy
 Adidas152.90↑ Buy
 Lufthansa9.645↑ Sell
 Siemens AG141.05↑ Sell
 Deutsche Bank AG11.473↑ Buy
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Cập nhật 07-02-2023 22:00:58
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Cập nhật lúc 18:50:03 07/02/2023
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