RIO DE JANEIRO, BRAZIL - The Central Bank has autonomy and will act independently with the tools at its disposal to control inflation, said on Wednesday (8) the institution's president Roberto Campos Neto.
While attending an online event promoted by Credit Suisse, Campos Neto said that the Central Bank was aware of the energy crisis but never expected that it would take such proportions. He also said that many shocks have occurred in the economy, with core inflation - which excludes temporary effects - being "much higher" than the Central Bank would have liked, and with the monetary authority now seeing reflections . . .