Brazil's cb has 'autonomy' on rates:, Palocci

Brazil's President Luiz Inacio Lula da Silva gave the central bank power to set interest rates as it sees fit to control inflation, said Antonio Palocci, Brazil's finance minister, in an interview with the Epoca newsmagazine.

Even though the law makes the central bank part of Brazil's Finance Ministry and answerable to Brazil's president through the finance minister, ``I, with the support of Lula, decided to try an experience in autonomy,'' Palocci told the magazine.

The bank's autonomy receive