off-the-wire

Brazilian inflation has decreased, but persistent pressures remain, says cenbank governor

Kitco Media
By Reuters
Published:
Updated:
Reuters

BRASILIA, April 12 (Reuters) - Brazil's central bank governor Roberto Campos Neto said on Wednesday that inflation has decreased, but persistent pressures remain, highlighting that the demand-driven component of inflation in the country remains "relatively strong."

In a presentation to investors, he further noted that long-term inflation expectations were anchored towards official targets in 2022, but there has been a deterioration process since November.

Reporting by Marcela Ayres; Editing by Steven Grattan
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