Weak inflation presents policy challenge for Brazil central bank: director
Reuters
Published Aug 14, 2020 02:37PM ET
BRASILIA (Reuters) - Brazil's central bank faces monetary policy challenges ahead, in large part because inflation forecasts and inflation expectations remain below its central target, the bank's Monetary Policy director Bruno Serra said on Friday.
Speaking at a virtual event hosted by Swiss bank Credit Suisse (SIX:CSGN), Serra also noted the central bank's stance at its policy meeting last week that any future interest rate cuts would have to be small and gradual due to financial stability concerns.
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Written By: Reuters
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