Outro Cavalo-de-Pau
Autor: Fabio Kanczuk | Publicado: 2012-01-26T16:32:00-02:00

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Li agora a ata. Não está fácil defender o BCB. No Relatório
de Inflação eles chamam atenção para o fato de que a inflação de 2013 começa a
subir caso os juros caiam até 9,5% (cenário de mercado). Agora repetem que no
cenário de mercado a inflação está acima da meta em 2012 e 2013, mas falam que
os juros vão para um dígito com alta probabilidade.





Os boatos de que o diretor Carlos Hamilton ficou chateado
com a redução dos juros em outubro, que ocorreu devido à ingerência política, vão
ganhando credibilidade. Talvez haja um acordo que liga juros com meta de superávit
primário. Sei lá.





Minha frase favorita foi quando eles estavam argumentando
sobre a redução dos juros neutros: “...apoiam essa visão, entre outros fatores, a redução dos
prêmios de risco, consequência direta do cumprimento da meta de inflação pelo
oitavo ano consecutivo...”