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Montevideo, March 24th 2018 - 16:08 UTC

Tag: Brazil's Central Bank

  • Thursday, October 12th 2017 - 12:10 UTC

    Brazilian central bank insists on the need to limit pension spending

    “I believe you can’t escape from carrying out reforms at some point,” Goldfajn told Senators. “The earlier it’s done, the better.”

    Brazil’s lawmakers can’t duck their responsibility to pass belt-tightening measures, central bank President Ilan Goldfajn told a Senate hearing in Brasilia this week. Reform proposals, particularly a constitutional amendment to limit pension spending, will help keep inflation low, reduce the structural interest rate and buoy the country’s overall recovery, Goldfajn said.