November 22, 2019 / 3:17 PM / 15 days ago

Brazil Economy Minister Guedes sees interest rates continuing to fall

RIO DE JANEIRO, Nov 22 (Reuters) - Brazilian interest rates, already at a record low 5.00%, are expected to continue falling, Economy Minister Paulo Guedes said on Friday, noting that this, and a rebound in economic growth, will spur long-term investment in the country.

Speaking to reporters in Rio de Janeiro, Guedes also said the economy is currently expanding at a rate of “well over” 1%, and that growth next year will certainly be twice as fast as this year.

Reporting by Rodrigo Viga Gaier Writing by Jamie McGeever Editing by Chizu Nomiyama

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