BRASILIA, May 14 (Reuters) - The members of Brazil's central bank who voted for a larger interest rate cut last week supported the view that it was appropriate to adhere to the previous guidance for a 50-basis-point reduction, the minutes of the meeting showed on Tuesday.
They reaffirmed, nonetheless, strong commitment to pursuing the inflation target and the necessary terminal interest rate to achieve this convergence, the document added.
In the minutes of the May 7-8 meeting, when policymakers cut the benchmark interest rate by 25 basis points to 10.50%, the central bank said the dissenters also emphasized the need for flexibility in the decisions as of June, "which would allow, in view of the new set of information, to adequately calibrate the path of the monetary policy instrument." (Reporting by Marcela Ayres; editing by Gabriel Araujo)
