• Brazil looks set to handle emerging market volatility
• Brazil's monetary policy is aimed at curbing inflation and not easing currency volatility
• Central Bank of Brazil decided to leave its key selic rate steady at 11 percent as widely expected.
• The central bank raised its benchmark Selic interest rate for the fifth straight time last week, keeping the pace of rate hikes steady and giving no signs it was ready to end monetary tightening to battle high inflation.