Projected Brazil interest rate low of 2.25% not "set in stone" - cenbank official
June 03, 2020 at 11:22 AM EDT
A level of 2.25% for Brazil's benchmark Selic interest rate is not "set in stone", central bank economic policy director Fabio Kanczuk said on Wednesday, referring to the level policymakers have indicated would be the floor for official borrowing costs currently at 3.0%.