November 20, 2019 / 6:25 PM / 6 months ago

Brazil central bank chief hints at another 50 bps rate cut

BRASILIA, Nov 20 (Reuters) - Brazil’s central bank could cut interest rates by another half percentage point, the bank’s president Roberto Campos Neto said on Wednesday, adding that any further moves will be carried out in a cautious manner.

Speaking to a Congressional Budget Committee, Campos Neto said the fight against inflation must be maintained because low inflation delivers sustainable growth over the long term, and also said a decline in global trade and polarized politics around the world have affected Brazilian growth and investment. (Reporting by Marcela Ayres Writing by Jamie McGeever Editing by Chris Reese)

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