Brazil's central bank chief opens door to lower rate cuts

Reuters
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April 17 (Reuters) - Brazil's central bank chief Roberto Campos Neto on Wednesday left the door open for the monetary authority to reduce the pace of its ongoing easing cycle due to increasing global and local uncertainties.

Speaking at an event with investors in Washington, Campos Neto said the persisting lack of predictability could lead the central bank to slow down interest rate cuts after delivering 50-basis-point cuts at each of its last six meetings.

The rate-setting committee signaled last month another 50-basis-point reduction at its May meeting but said the June decision would be more data-dependent. (Reporting by Bernardo Caram)

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