Brazil inflation expectations to improve over time, says central bank chief

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- Brazil's central bank chief Roberto Campos Neto said on Monday that policymakers believe inflation expectations should stabilize and improve over time, after recently citing concerns about them deviating from the official target.

Campos Neto said various factors have been affecting inflation expectations, including uncertainties about monetary and fiscal credibility. In Brazil, many mandatory public expenditures are tied to distinct growth rules, complicating their control. Campos Neto stressed that despite the division, board members unanimously recognized that inflation expectations were unanchored and that this was a very important factor.

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