By Marcela Ayres
By Marcela Ayres
BRASILIA, Jan 9 (Reuters) – Brazil’s central financial institution chief, Roberto Campos, mentioned on Thursday that policymakers are monitoring tensions between Iran and the USA to grasp how they might have an effect on inflation forecasts, and cited current sharp swings in commodity costs.
He famous oil costs rose within the first day of the battle, however have been once more buying and selling beneath ranges seen earlier than the killing in a U.S. drone assault of highly effective Iranian normal Qassem Soleimani in Baghdad on Jan. 3.
“It is very important take a look at the affect of the battle on macroeconomic variables, as we perceive that these variables affect our forecasts,” Campos mentioned at a information convention on the financial agenda.
“Two components have confirmed nice volatility: oil and beef. For the central financial institution it is very important understand how this impacts inflation,” he added.
Campos additionally highlighted a positive legislative setting for the approval of a invoice granting…