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13/10/2017 - 17:06hs

Central Bank chair expects steady interest rate

Ilan Goldfajn said while speaking in Washington, DC that he believes inflation and interest rates will remain subdued in Brazil.

Washington – Brazilian Central Bank chair Ilan Goldfajn said this Friday (13) in Washington, DC that “there’s this perception that we might finally see a period of stability in Brazil, with low inflation and lower interest rates.” Goldfajn pointed to analysts’ forecasts that the national interest rate “will be subdued for a longer period.” “That doesn’t mean it will be stationary or cycle-free all the time,” he said.

Goldfajn spoke at the Brazil Economic Conference 2017, an event held by the Brazilian-American Chamber of Commerce.

*Translated by Gabriel Pomerancblum

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