October 16, 2018 / 10:50 PM / a month ago

Brazil's Bolsonaro vows to uphold cenbank independence on rate-setting

FILE PHOTO: Presidential candidate Jair Bolsonaro is pictured during a news conference in Rio de Janeiro, Brazil October 11, 2018. REUTERS/Ricardo Moraes/Files

RIO DE JANEIRO (Reuters) - Brazil’s far-right presidential frontrunner said on Tuesday that if he wins this month’s election, the country’s central bank will maintain independence in setting interest rates and operate without any political interference.

The former army captain, who has a healthy lead in the polls over his leftist rival Fernando Haddad, added that he thought the current pension reform bill was unlikely to be approved in Congress, and that he would undertake his own, with possible tweaks to military pensions.

Reporting by Gabriel Stargardter; Editing by Christian Plumb

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