Brazil’s central bank chief sees need for reforms to unblock monetary policy transmission channels

Brazil’s central bank chief sees need for reforms to unblock monetary policy transmission channels

BRASILIA (Reuters) – Brazil’s central bank governor Gabriel Galipolo said on Wednesday that unblocking monetary policy transmission channels is a generational challenge in the country which will require a series of long reforms. “There’s no silver bullet,” he said at an event to celebrate the bank’s 60th anniversary. Galipolo reiterated that Latin America’s largest economy is showing greater dynamism than expected, despite the restrictive intere…

The president of the Central Bank, Gabriel Galípolo, said this Wednesday (2) that the fluidity of monetary policy transmission channels may not work so well in Brazil. According to him, normalizing these channels to guarantee a lower interest rate is a generational challenge, but it requires reforms and cannot be solved with a “silver bullet”. The statement was made at the monetary authority's 60th anniversary ceremony. “Sometimes we ask why the…

BC President spoke again about monetary policy broadcasting channels and said that giving them fluidity is a “generational challenge”