OECD tells Brazilian government to stay quiet on interest rate policy

The Central Bank of Brazil

The Organisation for Economic Co-operation and Development (OECD) has cautioned the Brazilian government not to interfere with central bank policy, arguing that politicians' proclivity for weighing in on the future trajectory of interest rates is putting the country's credibility with markets at risk and may unmoor inflation expectations.

In a report released yesterday, the OECD also recommended that the government set a fixed term for appointments of the governor and other members of the moneta

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