April 4, 2017 / 2:16 PM / 6 months ago

Brazil's central bank says monetary policy to help foster growth

Brazil's Central Bank President Ilan Goldfajn, speaks during a news conference in Brasilia, Brazil March 31, 2017. REUTERS/Ueslei Marcelino

BRASILIA (Reuters) - A more flexible monetary policy will contribute to faster economic growth in 2018 in Brazil, but economic reforms are needed to reduce interest rates in a structural way for the long term, central bank chief Ilan Goldfajn said on Tuesday.

Goldfajn said in a Senate hearing that inflation expectations are well anchored and that Brazil is now less vulnerable to potential shocks from abroad.

Reporting by Marcela Ayres; Writing by Silvio Cascione

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