Central Bank of Brazil needs to battle inflation, says deputy-in-waiting
CPI inflation jumps 1.32% in March, the highest monthly rise in 12 years
Tony Volpon, one of two deputy governor nominees at the Central Bank of Brazil, believes the recent slew of interest rate increases are insufficient to return inflation to the target of 4.5%.
"In my view, monetary stability is defined with inflation hovering around the centre of the inflation target and this should be at this time the primary focus of the central bank," Volpon said yesterday during a hearing at the senate's economic affairs committee.
"The recent actions of monetary policy have
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