Brazil May Have to Step Up Rate Raise Pace, Hamilton Says
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Brazil’s central bank may have to step up the pace of interest rate increases to tame above-target inflation, its director for economic policy, Carlos Hamilton, said today. Swap rates rose.
“I have a growing conviction that the Copom may be prompted to reflect on the possibility of intensifying the use of its monetary policy tool, the Selic rate,” Hamilton said at an event in Sao Paulo, referring to the bank’s policy making committee.