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UPDATE 1-Brazil set for 75 bps rate hike in May but nothing 'written in stone' -cenbank chief

April 14, 2021 , , , , ,

Brazil's central bank is likely to raise interest rates by 75 basis points for a second time to 3.50% at its next meeting in early May, but "nothing is written in stone," central bank chief Roberto Campos Neto said on Tuesday. In an interview with Bloomberg TV, Campos Neto also said that while current inflation and the risk of inflation expectations rising warranted further rate hikes, the economy still needed stimulative policy.



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