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Brazil central bank still sees signs of economic resilience, says governor

BY Reuters | ECONOMIC | 09/29/25 10:21 AM EDT

Sept 29 (Reuters) - Brazil's central bank continues to see several signs of resilience in the country's economy, governor Gabriel Galipolo said on Monday.

Speaking at an event hosted by Itau BBA in Sao Paulo, Galipolo emphasized that the central bank remains data-dependent and is monitoring whether interest rates are at a sufficiently restrictive level to bring inflation back to target.

The bank earlier this month held interest rates steady at a near two-decade high of 15% for a second straight policy meeting, and signaled it would keep them unchanged for a long time. (Reporting by Marcela Ayres; Editing by Gabriel Araujo)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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