Brazil Central Bank Pushes Back on Real Rally in Message to Investors
Key Points — Brazil’s Central Bank monetary policy director Nilton David told a JP Morgan seminar in Washington on Wednesday that the recent real appreciation is “conjunctural, not structural,” and that the bank is not counting on currency strength to hit the continuous 3% inflation target—a direct pushback against the market narrative that has driven […] The post Brazil Central Bank Pushes Back on Real Rally in Message to Investors appeared first on The Rio Times.
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Key Points — Brazil’s Central Bank monetary policy director Nilton David told a JP Morgan seminar in Washington on Wednesday that the recent real appreciation is “conjunctural, not structural,” and that the bank is not counting on currency strength to hit the continuous 3% inflation target—a direct pushback against the market narrative that has driven […]
The post Brazil Central Bank Pushes Back on Real Rally in Message to Investors appeared first on The Rio Times.
