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BRASILIA (Reuters) – Brazil’s central bank Monetary Policy Director Bruno Serra said on Tuesday that policymakers “have to work” to bring 2024 inflation expectations to the target.

At an event hosted by Moody’s (NYSE:MCO) Investors Service, he said that bringing inflation to target is “a very important asset,” and “we’re going to pursue that.” Private economists forecast 2024 inflation at 3.5%, higher than the 3.0% official target, as shown by Serra in a graphic during his presentation.