Weaker real poses risk to Brazil monetary policy -cenbank
LIMA Oct 8 (Reuters) - The depreciation of the Brazilian real currency poses a challenge to conducting monetary policy, central bank chief Alexandre Tombini said on Thursday, but warned policymakers will not overreact to abate short-term market movements.
In a speech published on the central bank's website, Tombini again shrugged off speculation that the bank could raise rates to battle inflationary pressures stemming from the weaker real .
Tombini said the bank will keep interest rates at current levels for a prolonged period time to ease inflation toward the 4.5 percent center of the official target. (Reporting by Alonso Soto; Editing by Lisa Shumaker)
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