Analysis: Central Bank’s inflation scenario affected by economic slack
In practice, this reflects stronger GDP expansion and lower-than-expected unemployment rate 07/01/2022 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo It was not only supply shocks and other surprises that made the Central Bank revise upwards its inflation projections. There were also the impacts of the lower-than-estimated degree of economic slack and […]
