🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Brazil should keep inflation targets despite shocks, says central bank nominee

Published 04/05/2022, 10:36 AM
Updated 04/05/2022, 10:42 AM
© Reuters. FILE PHOTO: A view shows the Central Bank headquarters building in Brasilia, Brazil August 25, 2021. REUTERS/Amanda Perobelli

© Reuters. FILE PHOTO: A view shows the Central Bank headquarters building in Brasilia, Brazil August 25, 2021. REUTERS/Amanda Perobelli

BRASILIA (Reuters) - Diogo Guillen, who was nominated to the board of Brazil's central bank, said on Tuesday that it seems appropriate to keep the government's current inflation targets despite recent price shocks, stressing that policymakers already forecast inflation close to target next year, on its relevant policy horizon.

Guillen, tapped to be economic policy director for the central bank, was addressing the economic affairs committee in the Senate, which must confirm his nomination. Renato Gomes, set to oversee organization of the financial system as director, told senators he saw a need for prudential regulation of crypto assets.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.