The president of the Central Bank (BC), Roberto Campos Neto, said this Friday (26) that the peak of inflation is near the end, with an improvement as of next year.
“It’s close – looking at 12 months – to seeing the top [da inflação], and we understand that, starting next year, we will see an improvement”, said Campos Neto, as he participated in a virtual event with companies in the real estate market, promoted by the Housing Union of São Paulo (Secovi-SP).
Campos Neto stated that the BC imagined, “at some point”, that the peak of inflation would be in September, but this did not occur due to the “energy shocks [que] came consecutively, surprising everyone”, and the increase in gasoline going up at the pump, driven by ethanol.
Projection for GDP
The BC president also indicated that the institution should worsen its projection for the growth of the Gross Domestic Product (GDP, the sum of all goods and services produced in the country) in 2022, but not in the magnitude indicated by the market in its latest estimates.
The BC’s latest bill, up 2.1%, will likely be revised downwards, he said, “but not as low” as the median in market agents’ expectations.
In the last Focus bulletin, the market outlook was for growth of only 0.7% for the Brazilian economy in 2022.
*With information from Reuters Agency
