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MNI BRIEF: Hiking Cycle Would Be Gradual - BCB's Guillen

Central Bank of Brazil deputy governor of economic policy Diogo Guillen spoke at an event.

MNI (BRASILIA) - The Central Bank of Brazil's latest meeting minutes provided "strong evidence" that a possible hike cycle would be "gradual," BCB Deputy Governor for Economic Policy Diogo Guillen said Thursday.

"When I look at the minutes and see that there are these two options, for me, this is already a strong indication that the beginning of the cycle would be gradual, because you're thinking about keeping rates constant or starting a hike," Guillen told an event sponsored by UBS.

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MNI (BRASILIA) - The Central Bank of Brazil's latest meeting minutes provided "strong evidence" that a possible hike cycle would be "gradual," BCB Deputy Governor for Economic Policy Diogo Guillen said Thursday.

"When I look at the minutes and see that there are these two options, for me, this is already a strong indication that the beginning of the cycle would be gradual, because you're thinking about keeping rates constant or starting a hike," Guillen told an event sponsored by UBS.

Keep reading...Show less