Economics
Brazil Central Bank Director Says Rate Hike Pace Can Change
- Kanczuk said 100bps pace is adequate, but not a commitment
- Brazil central bank to decide on rates at Oct. 27 meeting
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Brazil’s central bank can alter the pace of its borrowing cost increases as it seeks to pull inflation back to target, a board member said on Wednesday.
“It could accelerate, or it could decelerate,” economic policy director Fabio Kanczuk said at an event for investors organized by HSBC. “Our 100bps pace is a hint, not a commitment. You see the new data, and you analyze it again. Things are changing all the time.”