Brazil rate cut margin “could be small”: Central Bank minutes

File photo of the central offices of the Central Bank of Brazil in Brasilia. May 16, 2017. REUTERS / Ueslei Marcelino (UESLEI MARCELINO /)

BRASILIA (Reuters) – The margin for Brazil’s central bank to lower its interest rates below 3.00% is shrinking due to volatility that could be unleashed in financial markets and asset prices, the report showed. Tuesday the minutes of the most recent issuer meeting.

The minutes of the Monetary Policy Committee meeting from May 5 to 6 showed that policy makers believe the coronavirus outbreak will be highly disinflationary and detrimental to the economy, but are increasingly concerned about the indirect effects of approaching a zero level in interest rates.

(Report by Jamie McGeever, Edited in Spanish by Janisse Huambachano)

Written by Argentina News

Corresponsal de Argentina, Encargado de seleccionar las noticias más relevantes de su interés a nuestro sitio web

Leave a Reply

Your email address will not be published. Required fields are marked *

Until when the fiscal fair in the country was extended

More address changes at Starbucks and Burger King