August 15, 2017 / 3:09 PM / a year ago

Brazil's central bank chief says to look beyond short-term fiscal changes

BRASILIA, Aug 15 (Reuters) - Brazil’s central bank will give more weight to long-term trends for public finances than to short term changes in fiscal policy when setting interest rates, central bank chief Ilan Goldfajn said on Tuesday.

Goldfajn reiterated the bank’s guidance for monetary policy, signaling that the bank will probably cut its benchmark rate at its next meeting in September. Brazil’s government is expected to announce by Wednesday looser budget goals for 2017 and 2018. (Reporting by Silvio Cascione)

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