Central Bank President Gabriel Galipo on Thursday, 27, on Thursday, on Thursday, short -term inflation, will continue to follow the monetary authority, which will withstand a maximum 4.5%large consumer price indicator (IPCA). At a press conference to explain the monetary policy report (RPM) in the morning, he said he should be the first owner of the BC, in a single year, explaining inflation beyond the upper limit of the two letters to the National Monetary Council (CMN) Chairman. The first letter was delivered on January 10th.
According to the BC president, the municipality tried to communicate with, despite the short -term interested, the need to live with the IPCA on the goal.
At the next meeting of the Monetary Policy Committee (Copom) on May 6 and 7, he reiterated that interest would continue to increase despite the low size and lower size.
With regard to further decisions, he stopped giving further suggestions in the Gallipo. He said that by observing the data, the freedom of BC degrees should be preserved.
He faced questions about BC’s commitment to seeking inflation goal. “It is interesting to talk about the commitment of someone after 3 percent points in Chil,” Galipo said that his commitment to the BC’s goal was clearly shown.
Autonomous of directors
The central bank president said that all members of Kopam were autonomous and published votes. Responding to a question at a monetary policy report press conference, he denied that former BC chief Roberto Compose Neto did not decide this year’s interest rates.
“In December, at the last meeting of Roberto, I have already told me in December,” I have already allowed me to play a big role in the Kopam meeting, throughout the discussion of the Copom. ” .
He refused to talk about the comments of government members, repeating “hesitated” by the high interest rates made in the Gallipoo Gallipo – in December, the committee increased the interest on the 1 percent point and represent two more to the same size. Recently, President Louis Inacio Lula Da Silva said, “Celican’s behavior cannot” stick “in the gum.
Reaction function
When the Central Bank president he mentioned the company’s reaction performance, it represents the current moment. “This is the reaction function of this moment, which is a scene where the Central Bank responded by increasing the nominal interest rate than the rising inflation, the flour, which is a contraceptive interest rates, enters the rate rates.”
He recalled that there was still a hoping film, and that the current inflation is running above the goal and there are many difficulties to deal with the Central Bank. “That’s why we do not end the cycle,” he said, continuing an Copom conversation with these variables because expectations are always a very important part of determining the college’s decision plan.
“Our reaction function is very difficult in a false process, expectations are disassembled as today, but what we are trying to communicate is that the central bank understands how this broadcast is going on.” “That is, you are now giving medicine shadam, the medicine Shantha has an impact over time and is not counted by many data and indicators that this medicine sadham works, it says that the drug dose is niche.”
Nuclear
Central Bank president on Thursday reduced the statements of vice president Geraldo alcohol. This week, the Alchikmin has praised the Federal Reserve (Fed, North American Central Bank) for looking at the inflationary nucleus, which excludes food and energy -and that BC should study the BC.
“I think he is arguing with international scenes and international methods,” said Gallipo. “On our side, we are very excited about our framework, but the autonomy of the central bank does not suggest that people cannot comment on the framework. Discuss this framework.”
Galipol felt that the average nuclei observed by BC was even higher than the target, that the 12 -month accumulated and less than complete inflation.
