2023-05-20 02:22:53
He said that there are still doubts about the level at which inflation will stop in the world, whether around the targets or higher
The president of the Central Bank, Roberto Campos Neto, stated that the economic cost of bringing inflation to the target could be the major economic topic from now on. He said that there are still doubts about the level at which inflation will stop in the world, whether around the targets or higher.
Campos Neto defended the inflation targeting system and said that it is necessary to promote convergence. “The inflation targets served well, and we need to persevere with inflation, we need to guarantee that we will bring inflation to the targets”, he said, at the closing of an event organized by the BC this Friday, 19th, in São Paulo.
Banks
The president of the Central Bank said that it will be necessary to supervise banks differently from now on. He recalled the latest global episodes of bank runs, which resulted in transfers of funds, and said that banks will need to look at their funding structure differently.
“I think we’re going to need to supervise banks in a different way from now on,” said Campos Neto.
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