Calls for curb on Brazil's central bank autonomy

Severino Cavalcanti, the president of Brazil's lower house of congress, has said he wants to remove the power of the central bank to independently set interest rates.

Cavalcanti said in a statement distributed in Brasilia that he will set up a special commission to analyze the bank's eight increases in the benchmark lending rate since September and to ``propose solutions, including, if possible, removing the power of the central bank's board to independently raise rates.''

``The increase in int