Folha de São Paulo: 06/23/2022
Andrea Damico, Armor Capital chief economist, also considers that it is not the ideal moment to announce changes in inflation target. According to her, the tolerance interval is already a sufficient mechanism to support atypical inflationary shocks.
“Raise inflation targets would affect the Central Bank’s credibility, economists say.”
Increase inflation targets would affect the Brazilian Central Bank’s credibility in exchange for not relevant benefits, which is the most part of market agents’s opinion before the next National Monetary Council on this Thursday (23).
