FILE PHOTO: Brazil’s central bank president, Roberto Campos Neto, attends a news conference, amid the coronavirus disease (COVID-19) outbreak, in Brasilia, Brazil April 7, 2020. REUTERS/Adriano Machado/File Photo
November 19, 2021
BRASILIA (Reuters) – Brazil’s central bank President Roberto Campos Neto said on Friday that inflation expectations for 2022 are rising and shifting “a bit” away from the bank’s target, noting that the central bank has been trying to control it by raising interest rates.
Campos Neto also said it is likely that the Brazilian central bank will revise down its forecast for the country’s GDP growth next year, currently standing at 2.1%, but did not provide details on the new projection.
(Reporting by Marcela Ayres, writing by Gabriel Araujo)
Source: One America News Network
