[Peripheral Economy] Brazil’s central bank governor defends decision to reduce interest rate cut

In his opening speech, he defended the decision to change the central bank\’s written interest rate guidance.
1 day ago.
One committee member said the changes to the guidelines should be discussed with the entire committee and communicated through more formal channels.
The governor said it was clear to most members of the committee that the central bank must change its pace to respond to changes.
The debate among the members was technical and all arguments were heard.
The governor made it clear in a speech in Washington last month that the bank may not go ahead with the 0.5% rate cut it had hinted at in its previous statement, opening the door to a smaller 0.25% rate cut last week.

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