Ex-Brazil central bank president warns credibility at risk due to conflicting board commitments on 3% inflation target.
Former Brazil central bank president Gustavo Loyola warns the bank's credibility is at risk due to conflicting commitments among board members to reach the 3% inflation target. Loyola emphasizes the importance of unified action to maintain credibility, with upcoming rate-setting meetings crucial in controlling inflation expectations. Split decisions and conflicting messages could lead to investors being deterred, while Brazil's Finance Minister Fernando Haddad states that the country's monetary policy remains restrictive.
May 22, 2024
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