Campos Neto says ‘worst of the inflation’ has passed
Brazil’s governor says central bank “came out ahead” of price increases
The governor of the Central Bank of Brazil said on June 27 that “the worst of the inflation has now passed” in his country. Speaking as part of a conference panel at the University of Lisbon, Roberto Campos Neto said that Brazil had successfully taken a proactive approach to rising prices.
In his presentation, Campos Neto’s figures showed a slight decline in consumer price index inflation in May 2021, to 11.73%. The April figure was 12.13%. The rate remains well above the 2022 inflation target
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