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7 months ago
Brazil cenbank has more room to cut rates -director
December 22, 2016 / 1:21 PM / 7 months ago

Brazil cenbank has more room to cut rates -director

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BRASILIA, Dec 22 (Reuters) - The Brazilian central bank has more room to cut interest rates as inflation expectations have remain anchored at a lower level, central bank director of economic policy Carlos Viana said on Thursday.

The bank earlier on Thursday cut its economic growth forecast for 2017 and reiterated that a weaker economy will likely continue to drag down inflation. (Reporting by Alonso Soto)

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