Brazil's Central Bank Governor: Supply Shocks from Iran Conflict and El Niño Affect Inflation Expectations

Brazil's Central Bank Governor has stated that the ongoing conflict in Iran and the El Niño weather phenomenon are causing supply shocks that are impacting inflation expectations. According to Jin10, these factors are contributing to uncertainties in the economic outlook, as they affect the supply chain and commodity prices. The governor emphasized the need for careful monitoring of these developments to manage inflation effectively.