May 17, 2017 / 8:37 PM / in 6 months

Brazil may step up monetary easing: central bank head

BRASILIA (Reuters) - Brazil’s central bank could opt for a moderate acceleration of the pace of interest rate cuts at its meeting depending on the evolution of the economy and other risks, the head of the bank, Ilan Goldfajn, said on Wednesday.

Brazil's Central Bank President Ilan Goldfajn attends the Latin American Cities Conference in Brasilia, Brazil, March 21, 2017. REUTERS/Adriano Machado

In remarks published by the central bank, Goldfajn said the bank has not yet decided on whether to intensify the monetary easing that started last year.

Reporting by Alonso Soto; Editing by Alistair Bell

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