Brazil's central bank needs to be more cautious due to strong economy, director says
Adds further comments in paragraphs 4-10
BRASILIA, Aug 26 (Reuters) -The director of monetary policy at Brazil's central bank said on Monday that policymakers need to be more cautious in light of data that may be providing signs of an economy growing with more strength and resilience.
Speaking at an event in Piaui state, Gabriel Galipolo said the scenario contrasts with what is currently seen in the U.S. economy, and reinforces the Brazilian central bank's "more conservative" and "data-dependent" stance.
He emphasized that the central bank will approach its next policy meeting in September with "all options on the table."
Galipolo cited strong income growth, low unemployment, high industrial capacity utilization and upward revisions of gross domestic product (GDP) forecasts to highlight that Latin America's largest economy has been showing significant dynamism.
According to the director, who is seen as the frontrunner to succeed Governor Roberto Campos Neto when his term ends in December, the central bank must monitor whether demand is growing in a disorderly manner that could lead to inflation.
Regarding the United States, Galipolo said that market prices have solidified the idea of a "soft landing" after significant fluctuations in that outlook.
He emphasized that U.S. Federal Reserve Chair Jerome Powell, when signaling the imminent start of an easing cycle, noted that the success in the disinflation process was supported by inflation expectations that remained anchored.
"Coming to Brazil, this does not seem to be the scenario we are witnessing," he said, noting that this is another aspect of the desynchronization, as local inflation expectations remain unanchored despite more restrictive interest rate projections.
Policymakers held interest rates at 10.50% for the second consecutive time in July, against annual inflation that reached 4.5% in July compared to a 3% official target.
Their next policy meeting is scheduled for Sept. 17-18.
Reporting by Marcela Ayres; Editing by Gabriel Araujo, Kirsten Donovan
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.