May 17, 2016 / 12:42 PM / 2 years ago

Brazil's Meirelles says cenbank independence to be analyzed

BRASILIA, May 17 (Reuters) - Brazilian Finance Minister Henrique Meirelles said on Tuesday that the government will analyze in the future giving complete independence to the central bank.

In a press briefing to announce his new economic team, Meirelles said the government will submit a constitutional amendment giving the central bank “technical autonomy” to make its decisions. Currently, the Brazilian central bank has administrative autonomy but is not independent, unlike its peers in Mexico and Chile.

Reporting by Alonso Soto; Editing by Daniel Flynn

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