Brazil’s central bank candidate says Brazil may stick to inflation target despite shock – zimo news


© Reuters. FILE PHOTO: A view of the headquarters building of the Central Bank of Brasilia, Brazil, August 25, 2021. REUTERS/Amanda Perobelli

Brasilia (Reuters) – Diogo Guillen, who has been appointed to the board of Brazil’s central bank, said on Tuesday that maintaining the government’s current inflation target appeared appropriate despite recent price volatility, stressing that Policymakers have forecast inflation close to target next year, within their relevant policy envelope.

Gillen, who has been rumored to be the central bank’s economic policy director, is speaking to the Senate Economic Affairs Committee, which must confirm his appointment. Renato Gomez, director of the organization that oversees the financial system, told senators that he believes prudential regulation of crypto assets is needed.


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