BRASILIA, Feb 8 (Reuters) - Brazil's central bank
Monetary Policy Director Bruno Serra said on Wednesday the
country will have monetary easing "at some point in the future,
when conditions allow."
At an event hosted by municipal business movement Repensar
Macae, he said the benchmark interest rate Selic is at 13.75%
because it is technically adequate, amid intense criticism from
President Luiz Inacio Lula da Silva that it should be lower.
(Reporting by Marcela Ayres
Editing by Chris Reese)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.