Central Bank Economic Policy Director Diogo Guillen said Thursday that anchoring inflation expectations is an important factor in bringing the price level back to target and provides credibility to monetary authorities.
Speaking at a seminar at the European Economic and Financial Centre, Guillen also argued that commitment to the inflation target is essential for anchoring expectations. You also argued that emerging economies currently need to be more cautious in conducting their monetary policy.
After making some comments on the Brazilian economy, Guillen said that there has been progress in reducing inflation, but that there is still a long way to go.
Source: Terra
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