The council's silence on the matter followed intense speculation in recent weeks that it could use its authority to establish or modify the central bank's inflation targets, which new President Luiz Inacio Lula da Silva has publicly criticized. (Reporting by Marcela Ayres Editing by Chris Reese)
BRASILIA, Feb 16 (Reuters) - Brazil's National Monetary
Council (CMN), the country's top economic policy body, announced
no new resolutions regarding its inflation targets at a monthly
meeting on Thursday.
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.