April 4, 2017 / 1:43 PM / a year ago

Brazil's central bank says monetary policy to help foster growth

BRASILIA, April 4 (Reuters) - A more flexible monetary policy will contribute to faster economic growth in 2018 in Brazil, but economic reforms are needed to reduce interest rates in a structural way for the long term, central bank chief Ilan Goldfajn said on Tuesday.

Goldfajn said in a Senate hearing that inflation expectations are well anchored and that Brazil is now less vulnerable to potential shocks from abroad. (Reporting by Marcela Ayres; Writing by Silvio Cascione)

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