BC sees more inflation in 2016 and says it will be vigilant against "other policies"

BC sees more inflation in 2016 and says it will be vigilant against "other policies"

By Patrícia DuarteSÃO PAULO (Reuters) - The Central Bank has worsened its inflation forecast this year and in 2016, saying both are above the center of the target, and raised the tone by saying that ...

By Patricia DuarteSAO PAULO (Reuters) - The Central Bank has worsened its inflation forecast this year and in 2016, saying both are above the center of the target, and raised the tone by saying it will remain vigilant "regardless of the outline of other policies," citing clearly the current troubled and uncertain fiscal scenario,some upward bias to eventually raise basic interest rates later.According to the minutes of the Monetary Policy Committee (Copom) of the BC released on Thursday, there are still doubts about the balance of risks, notably the speed of recovery of fiscal results and their composition and, therefore, that the relative price realignment is longer and more intense than expected."In this context, the Committee understands that, regardless of the outline of other policies, monetary policy should remain vigilant," he said, repeating that this serves to ensure the convergence of inflation to the center of the target "on the relevant horizon."Last week, the ...


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