BRAZIL'S GALIPOLO: OUR FX ACTION WAS QUITE WELL UNDERSTOOD AND MET THE PURPOSES
BRASILIA, Nov 13 (Reuters) -Brazil's central bank director of monetary policy Gabriel Galipolo said on Wednesday that pursuing the 3% inflation target is non-negotiable for policymakers, but that there are various paths to achieve this goal.
Speaking at an event hosted by Bradesco Asset Management, Galipolo, who will take over as governor in January, noted that recent data has shown the Brazilian economy's resilience.
He emphasized that the central bank will continue to assess data on a meeting-by-meeting basis, without providing guidance or reacting mechanically to variables.
Reporting by Marcela Ayres
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