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MNI BRIEF: Brazil Aims For Growth And Lower Inflation-Haddad

Comments by Brazil's economy minister follow dissenting votes at the Central Bank of Brazil in favor of a deeper rate cut.

Brazil should aim for economic growth combined with falling inflation, Economy Minister Fernando Haddad told a press conference in Rome on Thursday in which he said that Q1’s 0.8% GDP growth was in line with government projections.

Saying that Brazil was already on target for growth with subdued increases in prices, Haddad reiterated the government’s forecast of 2.2%-2.5% growth this year, though he cautioned that this could be revised downwards depending on the impact of recent floods in the south of the country.

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Brazil should aim for economic growth combined with falling inflation, Economy Minister Fernando Haddad told a press conference in Rome on Thursday in which he said that Q1’s 0.8% GDP growth was in line with government projections.

Saying that Brazil was already on target for growth with subdued increases in prices, Haddad reiterated the government’s forecast of 2.2%-2.5% growth this year, though he cautioned that this could be revised downwards depending on the impact of recent floods in the south of the country.

Keep reading...Show less