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Brazil's central bank eyes bigger rate hike to step up tightening

December increase will exceed 1.5 points if 'necessary,' monetary policy director says

Bruno Serra, monetary policy director at Brazil's central bank, says rates could be raised more than 150 basis points in December if conditions warrant. (Photo courtesy of Banco Central do Brasil)

SAO PAULO -- Brazil's central bank is considering further monetary tightening via a sharper increase to its benchmark interest rate in December, monetary policy director Bruno Serra recently told Nikkei Asia.

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