FEBRUARY 11, 2026 AT 12:30 PM
BCB Chief Galipolo says it is within the BCB mandate to implement smoother monetary policy moves
Importance
Level 1
- Labour market remains very tight.
- Wage growth continues to exceed inflation and productivity.
- Key point in elections is how to separate the noise from signal and have the serenity to process data without altering BCB reaction function.
- Would not be beneficial to their mandate for the BCB to change its reaction function based on election polls.