August 12, 2024 19:02 GMT
MNI BRIEF: Copom Data Dependent, No Guidance - BCB Galipolo
(MNI) BRASILIA
Brazil's central bank deputy governor for monetary policy, Gabriel Galipolo, spoke at an event.
MNI (BRASILIA) - Brazil's central bank deputy governor for monetary policy, Gabriel Galipolo, said Monday the board had no intention of providing forward guidance for the September meeting, despite mentioning a possible rate hike in the last minutes.
"We haven’t provided any guidance for the next meeting. We are data dependent and open to continue monitoring how the data evolves before making a decision, with all the options already outlined, and they are all on the table," he said at an event sponsored by Warren Rena.
"A rate hike is still an option because the Copom wants to see how this will unfold," he added. (See MNI INTERVIEW: Copom To Hold Rates Despite Hawkish Tone -Velho)
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