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Brazil Central Bank Chief Won’t Signal Rates

Gabriel Galípolo says the bank will not preview its next Selic move, yet keeps rates tight as inflation forecasts drift above target.

  • Gabriel Galípolo, Central Bank chief, avoided signaling future rate decisions
  • Selic rate at 13.75%, no guidance on rate movements forthcoming
  • Factors like supply shocks and El Niño impact current economic conditions

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