UPDATE 2-Brazil central bank assessing increased ‘power’ of recent rate cuts – minutes
BRASILIA, Feb 11 (Reuters) – The economic and financial impact of Brazil’s recent interest rate cuts may be greater than in previous periods, minutes of the central bank’s last policy meeting showed on Tuesday, thereby justifying a pause in its unprecedented easing cycle.
On balance, the minutes showed policymakers believe there may be less slack in the economy than previously thought, and that more flexible credit and capital markets have magnified the power of monetary policy.
By Jamie McGeever via Reuters