Brazil central bank not considering interest rate cuts -Lopes

lunes 22 de febrero de 2016 15:01 GYT

BRASILIA Feb 22 (Reuters) - Brazil's central bank is not considering cutting interest rates as inflation remains naggingly high, central bank director Altamir Lopes said on Monday.

In a conference with investors sponsored by JP Morgan, Lopes said he expects the recession to drag down inflation in the coming months.

He also said he expected less room for "significant" currency depreciation in 2016.

(Reporting by Alonso Soto and Silvio Cascione; Editing by Bernadette Baum)