Brazil's central bank chief says no mechanical relationship between uncertainties and policy

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Chassidy’s ultimate challenge | SaltWire #ultimatechallenge #canada #realitytvBRASILIA - Brazil's central bank chief said on Friday that the environment of greater uncertainties does not have a mechanical relationship with the conduct of monetary policy, emphasizing that U.S. interest rates are currently a major beacon.

"The increase in uncertainty doesn't mean ... that there is a mechanical relationship . It means that there is a concern that we thought could happen, it is happening, and it is happening faster than we thought." Since the beginning of the monetary easing cycle in August, borrowing cuts have been cut by 300 basis points to 10.75%.

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