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Investing.com -- Brazil’s central bank director of economic policy, Diogo Guillen, stated Monday that inflation remains above the official 3% target, with expectations and projections unanchored from this goal.
Speaking at an event hosted by Warren Investimentos, Guillen noted that economic growth is moderating as anticipated, with mixed data being observed across the economy.
"We are seeing a certain moderation in growth and there is mixed data," Guillen said.
The central bank official pointed to some stabilization in credit concession while highlighting that default rates are increasing as expected. He projected that the economic slowdown would intensify in the coming quarters.
"Economic slowdown will deepen over the next few quarters," Guillen stated.
Regarding monetary policy, Guillen indicated that the central bank is still evaluating whether the current interest rate is appropriate to bring inflation back to target.
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