Brazilian central bank President Alexandre Tombini said policy makers could adjust monetary policy as needed as they seek to reassure investors the government won’t refrain from raising interest rates to keep consumer prices tamed.
Brazil’s inflation is at a high level that requires attention, the central bank said in response to a report showing that consumer prices rose in January at the fastest pace in almost eight years. The real posted the biggest gain among major currencies.
Argentine government securities linked to the nation’s economic growth have become a “buy” to JPMorgan Chase & Co. and RBC Capital Markets even after a two- month rally drove their value up to the highest since November.
Argentina’s bond risk is falling the fastest of any country as South America’s second-biggest economy heads toward its largest expansion since 1992, increasing the government’s ability to pay its debt.