Bras\u00edlia \u2013 The stronger flow of foreign capital into Brazil gives rise to challenges in the fight against inflation, according to the chairman of the Bank of Brazil, Alexandre Tombini, who is attending a public hearing at the Chamber of Representatives. To the chairman, the intense flow of capital into Brazil is \u201cfuelling\u201d the fast expansion of credit, at a time in which moderate growth is required.<\/p>\n
Tombini stated that the strong increase in capital inflow impacts on asset prices and the exchange rate as well. He claimed, however, that Brazil needs foreign investment and is open to foreign capital, but that attention must be paid to the intensity with which it arrives at the country. The Central Bank chairman highlighted that the government has adopted macroprudential measures to \u201cponder and reduce\u201d foreign capital inflows.<\/p>\n
He also stated that the prices of agricultural commodities and oil are stimulating inflation in Brazil. The minister also said that in spite of the \u201cstrong increase in commodities prices,\u201d the Central Bank still aims to have the inflation rate converge to the target, of 4.5%, with a margin of error of 2%.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
According to the Central Bank chairman, Alexandre Tombini, intense capital flows into Brazil are fuelling the expansion of credit and hampering the control of inflation.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-38018","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"According to the Central Bank chairman, Alexandre Tombini, intense capital flows into Brazil are fuelling the expansion of credit and hampering the control of inflation.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/38018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=38018"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/38018\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=38018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=38018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=38018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}