BCB rate cuts could be curtailed if oil prices spike – minister
Brazil’s Treasury secretary says price of $100 a barrel could trigger inflationary pressures
The conflict in the Middle East could shorten Brazil’s upcoming rate cutting cycle if oil prices are significantly impacted, the country’s Treasury secretary has said.
Addressing an event in São Paolo hosted by newspaper Valor Economico on March 2, Rogério Ceron said: “What could happen down the road is that the pause [in rate cuts] comes earlier, if this uncertainty and the pass-through to prices start to intensify.”
The Central Bank of Brazil (BCB) held rates at 15% in January, thereby
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