BRASILIA (Reuters) – Brazil’s central bank Monetary Policy Director Bruno Serra said on Monday that policymakers have already signaled a likely interest rate hike in June, and that from now on “time will tell”.
Speaking at a conference hosted by Goldman Sachs, he stated that maintaining high interest rates for a longer period is a “proper” cycle smoothing strategy when possible, rather than raising ant then decreasing rates.
(Reporting by Marcela Ayres)
