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Brazil’s Central Bank President Roberto Campos Neto speaks at a media declaration revealing financial procedures throughout the coronavirus illness (COVID-19) break out in Brasilia, Brazil, March 27,2020 REUTERS/Ueslei Marcelino/File Photo
BRASILIA, Oct 19 (Reuters) – Brazil’s reserve bank President Roberto Campos Neto stated on Tuesday that negative environment shocks such as heat waves, frosts and extended dry spells have actually impacted food and energy costs, sustaining increasing inflation in the nation.
Speaking at an online occasion arranged by JP Morgan (JPM.N), he stated ecological and environment elements are penetrating all elements of current financial choices. Monetary authorities require to enjoy the vulnerability of the monetary system to environment shocks that can trigger losses in property worths, he stated.
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Reporting by Marcela Ayres and Anthony Boadle
Modifying by Chris Reese
Our Standards: The Thomson Reuters Trust Principles.
