Questions about where disinflation is coming from characterize international meetings, says Campos Neto

The Central Bank president stressed that in some countries inflation has stopped falling, partly due to rising energy prices

The president of Central bank, Roberto Campos Netosaid Wednesday the 18th, who wonders about the path of disinflation forward have marked the international debates, including the latest meetings of IMFin Morocco.

“One of the most frequently asked questions in international meetings is where disinflation will come from from now on,” Campos Neto said at an event organized by Credit Suisse in Sao Paulo.

Campos Neto pointed out that in some countries inflation has stopped falling, partly due to rising energy prices. These factors have even led to an increase in some countries’ inflation projections for 2024.

The BC president also pointed out that oil prices were already experiencing “implications” from the Saudi-Russia deal even before the conflict between Israel and Hamas, but noted that most countries expect inflation falls within the target range, especially for 2024 and 2024. 2025.

As for Brazil, Campos Neto once again underlined that keeping the center of the target at 3% is important to anchor expectations. He also said that food prices continue to contribute to disinflation in the country.

Source: Terra

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