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The central bank of Brazil has lowered its inflation target in recent years from 4.5% in 2018 to 3% in 2024. If credible (believed by

The central bank of Brazil has lowered its inflation target in recent years from 4.5% in 2018 to 3% in 2024. If credible (believed by workers and firms), what is the consequence out of the options below? Correct! The central bank will have less ability to cut interest rates in future recessions

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