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MNI INTERVIEW: BCB To Up Pace In Short Hiking Cycle - Kanczuk

The Central Bank of Brazil's former deputy governor for economic policy Fabio Kanczuk talks to MNI in an interview.

MNI (BRASILIA) - The Central Bank of Brazil is set to accelerate the pace of its hiking cycle to 50-basis-point increments at upcoming meetings, but political pressures are likely to stop it from hiking enough to control inflation next year, former BCB Deputy Governor for Economic Policy Fabio Kanczuk told MNI.

"The path is open for them to accelerate the pace, moving toward a much higher interest rate. My best guess is that the next hikes will be 50bp with an upward bias," said Kanczuk, now head of macroeconomics at ASA Financial Institution.

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MNI (BRASILIA) - The Central Bank of Brazil is set to accelerate the pace of its hiking cycle to 50-basis-point increments at upcoming meetings, but political pressures are likely to stop it from hiking enough to control inflation next year, former BCB Deputy Governor for Economic Policy Fabio Kanczuk told MNI.

"The path is open for them to accelerate the pace, moving toward a much higher interest rate. My best guess is that the next hikes will be 50bp with an upward bias," said Kanczuk, now head of macroeconomics at ASA Financial Institution.

Keep reading...Show less