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)
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