“Change in inflation target has been gaining sympathy,” says Haddad

The Minister of Finance, Fernando Haddad, said this Friday the 26th that he notices a greater “sympathy” in society for the changes in the inflation targeting regime, which, he recalled, will be on the agenda of the Board meeting next month National Monetary. Council (CMN). “The change in the inflation target has been gaining sympathy,” said the minister in an interview with GloboNews.

He avoided answering what his position will be at the CMN meeting in June, since he has not yet addressed the issue with the Minister of Planning and Budget, Simone Tebet, and the president of the Central Bank (BC), Roberto Campos Neto -both form with Haddad the trio of authorities with the right to vote in the CMN.

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However, Haddad again expressed his preference for a rolling goal, rather than the current model in which goals are set for each calendar year. “Setting a continuous goal for the BC to pursue is best, and when it’s set, it’s rarely changed,” he argued. “I view a continuous goal with good eyes,” he added.

The minister noted that the United States is discussing a continued change of target amid bank failures. He also again called for a technical discussion on the issue.

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