“Time will tell”, says Brazils central bank director on future rate hike

　　div classBodysc17zpet90 cdBBJodivpBRASILIA Reuters – Brazils central bank Monetary Policy Director Bruno Serra said on Monday that policymakers have already signaled a likely interest rate hike in June, and that from now on “time will tell”.p

　　pSpeaking at a conference hosted by Goldman Sachs, he stated that maintaining high interest rates for a longer period is a “proper” cycle smoothing strategy when possible, rather than raising ant then decreasing rates.pdivdivdiv classBodysc17zpet90 cdBBJodiv

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　　pp Reporting by Marcela Ayresp

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