Uncategorized

Brazil’s central bank sees conditions to cut rates further – Goldfajn

Conditions remain favorable for interest rates to continue falling in Brazil and the main risk for that scenario is uncertainty over proposed economic reforms, central bank chief Ilan Goldfajn said on Monday at an event in São Paulo, according to prepared remarks published online by the bank.

The central bank has cut interest rates by 400 basis points since October, to 10.25 percent. Economists expect it to trim rates further to 8.50 percent by December as it seeks to support a fragile economic recovery. (Reporting by Silvio Cascione; Editing by Bernadette Baum)

Categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s