Brazil’s Central Bank president recognizes accelerated inflation and speaks of difficult work

Roberto Campos Neto reported that inflation expectations are rising and growth expectations are falling and said that the shock in electricity and fuel prices this year is the biggest in the last 20 years and comes after last year's food shock.

RIO DE JANEIRO, BRAZIL - The president of the Central Bank, Roberto Campos Neto, acknowledged Tuesday, 16, that inflation accelerated and had a quantitative and qualitative worsening in all aspects and, therefore, stressed that the work of the Central Bank is difficult.

"It is important to be realistic and understand how widespread inflation is and how difficult the work of the Central Bank will be," he said, participating in a panel at the IX Legal Forum of Lisbon, in the Portuguese capital, organized by the University of Lisbon, the Brazilian Institute of Education, Development and Research (IDP) and the Getulio Vargas . . .

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