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‘Two degrees’ overtaking ‘2% inflation’, Brazil’s economic outlook and challenges ahead

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‘Two degrees’ overtaking ‘2% inflation’, Brazil’s economic outlook and challenges ahead

Tuesday 5 November 2019  –   Vol.10 Ed.45.1

Commentary: ‘Two degrees’ overtaking ‘2% inflation’

By Gary Smith and Danae Kyriakopoulou

The climate change agenda supports the argument that two degrees Celsius will become a more important figure for central banks than 2% consumer price inflation. As regulators of the financial system, and as institutions with a broad range of instruments at their disposal, central banks must be aligned with global climate change objectives. Central bankers recognise that climate risks are sources of financial stability risk and are putting pressure on the institutions they supervise to disclose how they are addressing them.

Read the full commentary on the website.

Meeting: Brazilian economic outlook and challenges ahead 

Fernanda Nechio, deputy governor for international affairs at the Banco Central do Brasil

Thursday 14 November, London, 09:00-10:30 GMT

Brazil’s economy is facing multiple reforms, and monetary stimulus appears increasingly probable as the administration moves to address slowing growth and high unemployment. Fernanda Nechio, deputy governor for international affairs at the Banco Central do Brasil, will discuss the country’s economic outlook in the wider Latin American context, as well as monetary policy responses to economic reform, financial conditions and Brazil’s investment climate.

Request to attend the meeting.

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