BC economic policy director Diogo Guillen emphasized that, in uncertainty scenarios, “when various scenarios are presented, the market arrests the worst”
Central Bank President Gabriel Galipolo said on Thursday that there is a consensus among central banks in the world that the current moment is not suitable to present scenarios.
According to Galipole, in great uncertainty, when different scenarios are presented, it is quite common to focus on one of them – perhaps the worst – increasing dissemination and generating noise in the communication of monetary policy.
In this sense, Copom, as mentioned in the official communication, is in a break to analyze the scenario, due to the uncertainty and intensity and speed of the adjustment made, adds the president of the BC.
Already the director of BC economic policy, Diogo Guillen, emphasized that, in scenarios of uncertainty, “when there are several scenarios, the market is attached to the worst, and there is lost in communication,” he adds.
According to Guillen, as Copom’s last movement was to raise Selic, “it makes no sense to talk about stable interest scenario when there was discharge at the last meeting.” However, “the moment you make sense, we can use it.”
The comments were made during a press conference to comment on the second quarter monetary policy report (RPM).
