Brazil central bank chief says economy set to recover gradually

© Reuters. Brazil's Central Bank President Ilan Goldfajn gestures during an interview with Reuters in Brasilia© Reuters. Brazil’s Central Bank President Ilan Goldfajn gestures during an interview with Reuters in Brasilia

SAO PAULO (Reuters) – The Brazilian economy has stabilized and is set to recover gradually in coming months as interest rates continue to fall, Central Bank President Ilan Goldfajn said on Friday.

Speaking at an event in São Paulo, Goldfajn said economic consequences of increased political uncertainty have been limited. The central bank has cut its benchmark Selic interest rate by 500 basis points since October, helping Latin America's largest economy recover from the deepest recession in decades.

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)

About the author