Brazil cenbank director says committed to curbing inflation
SAO PAULO, April 25
SAO PAULO, April 25 (Reuters) - Brazil's central bank is committed to keeping inflation under control and could be prompted to consider "intensifying" the use of monetary policy to curb consumer prices, a bank board member said on Thursday.
Speaking at an event in Sao Paulo, central bank director Carlos Hamilton Araujo acknowledged that fiscal and monetary policies in Brazil remain expansionary. But he also stressed that the central bank's board clearly opted to step up the battle against inflation by raising interest rates last week.
Araujo spoke on the same day that the central bank released minutes from last week's monetary policy meeting that signaled more rate hikes are likely in coming months.
- Housing, jobs data weaken, but overall economic picture still upbeat
- U.S. diplomats, but not prosecutors, seek to quell India dispute |
- Target cyber breach hits 40 million payment cards at holiday peak |
- Last-minute Obamacare exemption for those with canceled plans
- New York Mayor-elect's reputation for lateness parodied on Twitter