Brazil's central bank committed to lowering inflation to target, policymakers say
Recasts with Campos Neto remarks throughout
Oct 23 (Reuters) -Policymakers at Brazil's central bank on Wednesday stressed that they will do whatever it takes to bring inflation back down to the country's 3% target, while voicing concern about unanchored consumer price expectations.
The central bank in Latin America's largest economylast month delivered a 25-basis-point increase to itsbenchmark interest rate, bringing it to 10.75%, and is expected to speed up the pace of tightening when its board meets in November.
Brazil's monetary authority has been trying to tackle a challenging inflation outlook driven by stronger-than-expected economic activity.
Central bank Governor Roberto Campos Neto said that it was important to convince investors that policymakers will do "what is necessary" to reach inflation targets, echoing remarks made earlier byPaulo Picchetti, the central bank's international affairs director.
Both men indicated that the central bank would maintain its data-driven approach going forward, and noted they are worried about inflation expectations exceeding the target.
"When you see the inflation de-anchoring and the risk premium where it is today, (those are) signs that worry us a lot," Campos Neto said at an event hosted by UBS.
Apoll of private economists showed earlier this week that Brazil's inflation rate is expected to close out the year at 4.5%, hitting the upper-end of the central bank's 1.5%-4.5% target range, and decelerate to 3.99% by the end of next year.
Markets are pricing in an 89% chance that the central bank will hike borrowing costs by 50 basis points next month, while the other 11% point to an even larger increase of 75 basis points. BCBWATCH
"We chose to be completely data-dependent" on the next policy steps, Picchetti told an event hosted by XP, "with a clear commitment to do what is necessary in terms of monetary policy to make inflation converge to the target."
Annual inflation in Brazil hit 4.42% in September.
Reporting by Bernardo Caram in Brasilia, Gabriel Araujo and Luana Maria Benedito in Sao Paulo; Editing by Paul Simao
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
