Bank of Russia Considers Rate Hike of Up to 1%

The transcript discusses the Brazilian Central Bank's approach to raising interest rates, emphasizing the importance of data in decision-making. It highlights the impact of inflation and economic recovery on monetary policy and the uncertainties involved in projecting future rate changes. The need for a balanced approach to prevent market disruptions while addressing inflationary risks is also discussed.

How does the Central Bank plan to balance the need for aggressive action with market predictability?

What is the significance of calibrating the steps in monetary policy according to the text?