Brazil’s cenbank will resume publishing post-strike data next week

© . FILE PHOTO: The central bank’s headquarters can be seen in Brasilia, Brazil, May 16, 2017. REUTERS/Ueslei Marcelino BRASILIA () – Brazil’s central bank said Wednesday it would resume the release of data suspended due to a strike of its employees. including a weekly survey considered crucial to monetary policy implementation. The central bank’s weekly FOCUS survey collects data from more than 100 private economists for macroeconomic indicators, including inflation and interest rates. It was last released on March 28 and will return to normal next Tuesday, the central bank said. Central bank employees have suspended publication of the survey and several other indicators in protest of wage demands. However, the strike was paused on Tuesday after the government indicated its willingness to allow salary adjustments. The Brazilian central bank, tasked with aggressive monetary tightening to curb double-digit inflation, has repeatedly said it will take into account the convergence of market expectations with official inflation targets in its policy dosing. Monitoring this data was considered crucial at a time when consumer prices continue to surprise and cast doubt on how far the tightening cycle would go. Interest rates are at 11.75% from a record low of 2% in March 2021, and policymakers had said a final 100 basis point hike could complete the process in May. The central bank said it continued to have internal access to such information despite the interruption to the general public.

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