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SAO PAULO, March 10 (Reuters) - Yields on Brazilian interest rate futures contracts <0#DIJ:> rose on Wednesday as the prospect of faster inflation and speculation that the central bank chief could step down later this month prompted investors to move up bets for a rate hike.

An online report from IstoE Dinheiro magazine stated that Henrique Meirelles, Brazil's longest-running central bank head, will leave his post at the end of March ahead of a bid for public office in the Oct. 3 general election.

There is a strong chance Meirelles will step down at month's end before a legal deadline of April 3 to run for office, a government source told Reuters on Wednesday. [ID:nN10158336] The central bank declined to comment on the report.

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