Scribd Logo
Hochladen

Willkommen bei Scribd!

  • Brazil's inflation targeting framework from 1999-2021

    Hochgeladen von

    Ehh Erwin XD
    13 Ansichten1 Seite
    Brazil has used inflation targeting as its monetary policy framework since 1999. Each year, the Central Bank of Brazil sets an inflation target, a tolerance interval, and upper and lower limits through resolutions. For example, in 2020 the target was 4%, with a tolerance interval of 1.5 percentage points and upper and lower limits of 2.5-5.5%. Actual inflation as measured by IPCA has generally remained within the tolerance intervals, though there have been some exceptions such as 2015 when inflation reached 10.67%.

    Originalbeschreibung:

    Originaltitel

    InflationTargetingTable.pdf

    Copyright

    © © All Rights Reserved

    Verfügbare Formate

    PDF, TXT oder online auf Scribd lesen

    Stufen Sie dieses Dokument als nützlich ein?

    Sind diese Inhalte unangemessen?

    Dieses Dokument melden
    Brazil has used inflation targeting as its monetary policy framework since 1999. Each year, the Central Bank of Brazil sets an inflation target, a tolerance interval, and upper and lower limits through resolutions. For example, in 2020 the target was 4%, with a tolerance interval of 1.5 percentage points and upper and lower limits of 2.5-5.5%. Actual inflation as measured by IPCA has generally remained within the tolerance intervals, though there have been some exceptions such as 2015 when inflation reached 10.67%.

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    13 Ansichten1 Seite

    Brazil's inflation targeting framework from 1999-2021

    Hochgeladen von

    Ehh Erwin XD
    Brazil has used inflation targeting as its monetary policy framework since 1999. Each year, the Central Bank of Brazil sets an inflation target, a tolerance interval, and upper and lower limits through resolutions. For example, in 2020 the target was 4%, with a tolerance interval of 1.5 percentage points and upper and lower limits of 2.5-5.5%. Actual inflation as measured by IPCA has generally remained within the tolerance intervals, though there have been some exceptions such as 2015 when inflation reached 10.67%.

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 1

    Inflation Targeting in Brazil

    Tolerance Upper and Lower Actual Inflation


    Year Regulation Date Target (%)
    Intervals (p.p.) Limits (%) (IPCA, % p.a.)
    1999 8 2 6-10 8.94
    2000 Resolution 2,615 6/30/1999 6 2 4-8 5.97
    2001 4 2 2-6 7.67
    2002 Resolution 2,744 6/28/2000 3.5 2 1.5-5.5 12.53
    1/ Resolution 2,842 6/28/2001 3.25 2 1.25-5.25
    2003
    Resolution 2,972 6/27/2002 4 2.5 1.5-6.5 9.30
    Resolution 2,972 6/27/2002 3.75 2.5 1.25-6.25
    20041/
    Resolution 3,108 6/25/2003 5.5 2.5 3-8 7.60
    2005 Resolution 3,108 6/25/2003 4.5 2.5 2-7 5.69
    2006 Resolution 3,210 6/30/2004 4.5 2 2.5-6.5 3.14
    2007 Resolution 3,291 6/23/2005 4.5 2 2.5-6.5 4.46
    2008 Resolution 3,378 6/29/2006 4.5 2 2.5-6.5 5.90
    2009 Resolution 3,463 6/26/2007 4.5 2 2.5-6.5 4.31
    2010 Resolution 3,584 7/1/2008 4.5 2 2.5-6.5 5.91
    2011 Resolution 3,748 6/30/2009 4.5 2 2.5-6.5 6.50
    2012 Resolution 3,880 6/22/2010 4.5 2 2.5-6.5 5.84
    2013 Resolution 3,991 6/30/2011 4.5 2 2.5-6.5 5.91
    2014 Resolution 4,095 6/28/2012 4.5 2 2.5-6.5 6.41
    2015 Resolution 4,237 6/28/2013 4.5 2 2.5-6.5 10.67
    2016 Resolution 4,345 6/25/2014 4.5 2 2.5-6.5 6.29
    2017 Resolution 4,419 6/25/2015 4.5 1.5 3.0-6.0 2.95
    2018 Resolution 4,499 6/30/2016 4.5 1.5 3.0-6.0
    2019 Resolution 4,582 6/28/2017 4.25 1.5 2.75-5.75
    2020 Resolution 4,582 6/28/2017 4 1.5 2.5-5.5
    2021 Resolution 4,671 6/26/2018 3,75 1.5 2.25-5.25
    1/
    The Open Letter, of 1/21/2003, adjusted the targets to 8.5% for 2003 and 5.5% for 2004.

    Das könnte Ihnen auch gefallen