Tombini Defies Traders by Signaling Brazil Key Rate on Hold

Updated on
  • He says inflation outlook shows strategy in right direction
  • Swap rates pared increases after Tombini's speech to Congress

Central bank President Alexandre Tombini said keeping interest rates on hold for now is enough to tame Brazil’s above-target inflation, a view that clashes with traders’ bets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.