(Reuters) – Brazil’s central bank’s monetary policy director Nilton David said on Monday that the base scenario for policymakers is to proceed with an upcoming 100 basis-point interest rate hike, as the bank had previously indicated.
In his first public speech in the role, David stated that the level of confidence in the monetary tightening “must be slightly higher” amid beyond-normal uncertainties marked by tail risks seen in the international geopolitical scenario.
(Reporting by Marcela Ayres)
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