Brazil's Lira sees no chance of Congress changing cenbank autonomy

Kitco Media
By Reuters
Published:
Updated:
Reuters
SAO PAULO, Feb 15 (Reuters) - Brazil's Lower House Speaker Arthur Lira said on Wednesday he sees no chance of Congress making any change to the central bank's formal authonomy amid a feud between the president and central bank chief over high interest rate levels. Lira said at an event hosted by BTG Pactual that President Luiz Inacio Lula da Silva, who has been saying that current rate levels hinder economic growth, and central bank governor Roberto Campos Neto would "know how to dialogue" on the matter. (Reporting by Eduardo Simoes)

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