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Event Brief

Brazil’s Galípolo: Iran Oil Shock Tests Central Bank Credibility

Gabriel Galípolo said Brazil’s central bank must distinguish Iran-related supply shocks from second-order effects.
WHO: Gabriel Galípolo
WHAT: Galípolo addressed how monetary policy should separate supply shocks from second-order effects.
WHEN: May 13, 2026 at 2:39 PM ET
WHERE: Brazil
WHY: No specific cause was reported.

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