"Our process here has no political component. It is strictly technical," Campos Neto told journalists, pointing out that the cost of fighting inflation is high and felt in the short term. "Our job is to explain why there is autonomy and why this is important for society." (Reporting by Fabricio de Castro and Isabel Versiani; Editing by Steven Grattan)
March 30 (Reuters) - Brazil's central bank is a
technical body and it should not get involved in politics, said
its chief, Roberto Campos Neto, on Thursday, amid criticism from
leftist President Luiz Inacio Lula da Silva about the high level
of interest rates.
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