Brazil’s central bank sees stronger growth, higher FX since latest policy meeting

BRASILIA (Reuters) – Brazil’s central bank’s director of economic policy said on Thursday that since their latest interest rate-setting meeting, policymakers have observed stronger economic growth in the country and the trends they had been monitoring have proven to be persistent.

Speaking at a UBS-hosted event, Diogo Guillen noted that the exchange rate “is a bit higher” than in July, while inflation expectations have remained broadly unchanged and de-anchored, a source of discomfort for the central bank.