Loss of Credibility Can Cause Lasting Currency Shock, Says Galípolo
4 Articles
4 Articles
Every time you have a complex problem that has been there for many years that someone has presented to you a simple solution, detrusts, said the President of the Central Bank, Gabriel Galípolo, on Tuesday (10), during an event promoted by the Brazilian Exchange Association (Abracam), in São Paulo. The .alerta , called by the President of the BC himself, came during an analysis of interest in Brazil and the role of the exchange in this discussion…
The President of the Central Bank, Gabriel Galípolo, said on Tuesday that the level of long-term interest in the country is related not only to the risk associated with the ability to carry out reforms and setting standards, but also to issues of credibility, which can generate exchange rate shocks with effects for many years.
President of the BC pointed out that foreign exchange variations can reduce the profitability of investors in Brazilian public debt
The president of the Central Bank, Gabriel Gallípolo, said that lasting currency shocks can result from events of loss of credibility. The speech took place on Tuesday (10), in participation in an event that debates the Brazilian foreign exchange market. Gallípolo said that in the face of discussions about more structural and long interest rates, it may be that one of the issues that exists in the debate is a perception of risk. The head of the …
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