Brazil Central Bank Says Inflation Remains Demand-Driven Despite Growing Impact of Rate Hikes
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6 Articles
Brazil Central Bank Says Its Tight Policy Works as Demand Risk Looms
Brazil’s central bank said it sees more evidence its tight monetary policy is working, while also stressing its benchmark rate needs to stay restrictive as domestic demand and supply shocks pressure inflation.
The President of the Inter-American Development Bank (IDB), Ilan Goldfajn, highlighted on Monday (10) his view that Latin America and the Caribbean have been more resilient to the effects of the war in the Middle East. While other countries face difficulties in accessing oil, the effect in the region is restricted to prices. And despite some high inflation, he said, there is no loss of control. The issue of inflation is being well managed in alm…
Market also awaits the release of the July Copom and IPCA minutes on Tuesday (11)
The central banks of Latin America will maintain a cautious stance despite the improvement in the financial markets and the recent decline in oil prices, says a report by the British consultant Oxford Economics. The study considers that progress towards an agreement to reopen the Strait of Ormuz will not change the course of regional monetary policy, as risks remain linked to the international scenario. “The optimism of the markets and the fall …
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