Central Bank of Brazil says ‘intensification’ in pace of monetary easing might be warranted
Some members of the committee said there could be room for a larger rate cut
Minutes from the Central Bank of Brazil's latest policy meeting have revealed an "intensification" in monetary easing might be warranted.
Published December 6, the minutes showed the committee feared a slower economic recovery for Brazil could result in the need for a larger rate cut. Some members argued the slowdown in inflation and the government's efforts to implement fiscal measures could support a stronger pace of easing.
However, given considerable uncertainty over the outlook, the
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