Roberto Neto on inflation target
From AO VIVO: PRONUNCIAMENTO E COLETIVA DO PRESIDENTE DO BANCO CENTRAL, ROBERTO CAMPOS NETO - SELIC · · Folha Política
“a gente falou que ao redor não é quatro por cento e a nossa estratégia de trazer a projeção de quatro porcento no horizonte relevante para ao redor da meta é seu primeiro aspecto o segundo aspecto acho que ele é compatível com a estratégia então na a gente fala que essa estratégia de uma taxa terminal acima do que era a de mercado juntamente com um período mais prolongado o território significativamente contracionista isso levaria ao redor então é compatível com a estratégia mas eu acho que mais importante aqui é incerteza maior que os homens projeções é a gente tem enfatizado isso é sem certeza nas premissas e consequentemente nas projeções e que é sem certeza aumentou no último ciclo E aí refletindo um pouco das incerteza a gente também adotou esse ao redor”
On , Roberto Neto, President at Central Bank of Brazil, spoke about inflation target during AO VIVO: PRONUNCIAMENTO E COLETIVA DO PRESIDENTE DO BANCO CENTRAL, ROBERTO CAMPOS NETO - SELIC on Folha Política.
About Roberto Neto
In a March 2024 podcast conversation with his successor Gabriel Galipolo, former Central Bank of Brazil president Roberto Campos Neto discussed his tenure and the transition of leadership. He stated that he would not accept reappointment and aimed for a smooth transition. Campos Neto noted that the Central Bank was criticized both for not cutting interest rates enough and for cutting them too much, and he remarked that the bank likely did the right thing. He also highlighted innovation, such as the PIX payment system, as a factor that put Brazil at a differentiated level internationally, and advised that it is important to maintain close relations with Congress because most Central Bank changes become legislative bills. Regarding cryptocurrencies, he said that decentralized finance is accelerating and forcing banks to approach the sector differently. In a March 2026 interview, Campos Neto, now Vice-Chairman of Nubank and global head of public policy, analyzed the impact of a war in Iran on interest rates and investment in Brazil. He stated that the world is so indebted that governments have less room to implement countercyclical policies, and that governments face more problems with fewer degrees of freedom. He also noted that in the United States, the non-bank financial intermediation sector is large and that large credit managers are beginning to freeze redemptions.