BC tries to calm market about faster interest rate hikes

Something "quite atypical" would need to happen for the Brazilian Central Bank to intensify the pace of interest rate hikes, says the bank's president Roberto Campos Neto, in a statement that sought to deflate growing bets in the financial market on an increase higher than 75 basis points at the next meeting of the Monetary Policy Committee (Copom), in May. Mr. Campos Neto also denied that the BC is "behind the curve" in the tightening of the policy, stressing that...

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