(Adds comments on inflation and currency) BRASILIA, Oct 19 (Reuters) - Brazil"s central bank director, Fabio Kanczuk, said on Tuesday that a 125-basis-point hike in the country"s interest rate was considered during the last Copom monetary policy meeting, before the bank decided to raise it by 100 basis points. According to Kanczuk, Copom members have analyzed forecasts for Brazil"s 2022 inflation and concluded that it was possible to reach next year"s inflation target with a 1-percentage-point hike. Brazil"s benchmark Selic rate currently stands at 6.25%. "The central bank will not allow inflation to get out of control by any means," Kanczuk said during an event hosted by JP Morgan. The increasing amount of Brazilian investment going abroad could result in a weaker real currency, and Brazil would have to tighten its monetary policy if U.S. stimulus measures ended sooner than expected, he added. The Brazilian currency weakened 0.5% on Tuesday to 5.56 against the dollar, over concerns about increases in government spending on social welfare ahead of next year"s election. (Reporting by Marcela Ayres Writing by Gabriel Araujo Editing by Jonathan Oatis and Richard Chang)