Brazil moves to adopt new targeting regime

National monetary council says it will aim for permanent inflation target from 2025

Central Bank of Brazil
The Central Bank of Brazil

Brazil’s national monetary council voted to adopt a new inflation-targeting regime from 2025 at its June 29 meeting.

The council’s three members – Central Bank of Brazil president Roberto Campos Neto, finance minister Fernando Haddad and planning minister Simone Tebet – voted in favour of the decision. Under the new targeting regime, the central bank will have one fixed inflation target, rather than changing it periodically, as it has until now.

The council voted to leave the CBB’s current

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