Brazil’s central bank head Roberto Campos Neto told investors that uncertainties have increased since the last monetary policy meeting as economists weigh odds that policymakers will slow interest rate cuts.
Financial markets have become more worried about Brazil’s fiscal policy, and those concerns are capable of affecting risk premium, thus making the central bank’s job harder, Campos Neto said at an event in Washington on Wednesday. Much of the uncertainty comes from the global economy, he said, laying out several possible scenarios that could impact local monetary policy.
