Brazil’s Central Bank president: “Fed decision has little bearing on what Brazil will do”

"The Fed has been assuming that inflation is more persistent and with a demand component."

RIO DE JANEIRO, BRAZIL - Central Bank President Roberto Campos Neto on Thursday said in a press conference on the Quarterly Inflation Report (RTI) that the change in the Federal Reserve's monetary policy positioning will not greatly affect the Brazilian institution's strategy.

Campos Neto recalled that some Central Banks assumed that inflation was a transitory issue, with supply-linked causes, but argued that the figures do not corroborate this, as defended a few months ago. "The Fed has been assuming that inflation is more persistent and with a demand component."

He pointed out that, after the Fed's decision . . .

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