Key insights
- Brazil's central bank will have only six of nine members voting on its next interest rate decision due to vacancies and a director's absence. This raises uncertainty about the policy outlook and could slightly negatively impact risk sentiment in emerging markets, indirectly affecting US equities.
SAO PAULO, April 28 (Reuters) - Brazil’s central bank said on Tuesday that director Rodrigo Alves Teixeira will not attend this week’s monetary policy meeting due to the passing of a relative.
Teixeira’s absence means only six board members will vote on the country’s next interest rate decision, scheduled to be unveiled on Wednesday.
Brazil’s monetary policy committee typically has nine members, but President Luiz Inacio Lula da Silva still has two pending nominations after the terms of former directors Diogo Guillen and Renato Gomes expired in December, leaving their seats vacant.