Selic will not react to high frequency data, says Brazil’s Central Bank president

The IPCA, Brazil's main inflationary index, was 9.68% in the 12-month accumulated until August. Brazil should close 2021 with the worst inflation since 2015, despite unemployment still at 14%.

RIO DE JANEIRO, BRAZIL - Participating in BTG Pactual's MacroDay 2021, Campos Neto stated that the Central Bank is following the components of the inflationary process but that "changes in the flight plan" will not always occur.

The president of the Central Bank, Roberto Campos Neto, repeated that the Central Bank will act to control the advance of inflation and that measures are planned. But he stated that the Monetary Policy Committee (Copom) would not act on each new "high frequency" change.

Campos Neto participated in a panel this Tuesday, 14, at MacroDay 2021, the BTG Pactual bank event.

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