BRASILIA (Reuters) - The Brazilian central bank has complete autonomy to decide on monetary policy, which prioritizes the fight against inflation, the presidency said in a statement on Wednesday.
The statement was released just a few hour after interim President Michel Temer's chief of staff, Eliseu Padilha, said his boss sees a reduction in rates "positively." The central bank is expected to announce its rate decision after 6 p.m. (5 p.m. EDT/2100 GMT).