Brazil Central Banker Signals Rate Path May Change on Iran War

Brazil’s central bank “can’t ignore” the economic fallout of the war in Iran as it prepares to start an easing cycle later this month, one of bank’s key policymakers said Thursday.

Monetary policy director Nilton David said the conflict adds a new layer of risk to Brazil’s inflation and growth outlook, and could, depending on the war’s duration and impact on global markets, push the bank to reassess how it calibrates monetary policy after the next meeting.