Brazil central bank flags concern over long-term inflation expectations drift

BRASILIA, May ‌19 (Reuters) - ​Brazil's ​central bank monetary policy ‌director Nilton David said ⁠on Tuesday the ‌bank is troubled ‌by inflation expectations drifting further from ​its 3% target - particularly for ⁠2028, a horizon expected to ​be less sensitive to current shocks.

Speaking ​at an ‌event hosted by Santander, David ⁠said the economy is no longer ⁠growing above potential, and ​policymakers will keep monetary policy in restrictive territory ‌until they are confident inflation is ‌converging ⁠to the ‌goal.

(Reporting by ​Marcela Ayres; Editing by Gabriel ‌Araujo)

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