SAO PAULO, April 24 (Reuters) - Brazil's central bank director Gabriel Galipolo said on Wednesday that the monetary authority should not get spooked with "short-term" market fluctuations and will need time to understand how recent moves affect its inflation mandate.

His remarks come as emerging market currencies, including Brazil's real, slumped in recent days as the dollar soared on rising geopolitical tensions and fading hopes of a rate cut by the U.S. Federal Reserve. (Reporting by Fernando Cardoso)