Brazil Needs Fiscal Reforms

The advance of the Brazilian government’s ongoing fiscal reforms will be decisive for the performance of the economy and keeping inflation on a downward spiral, the governor of Brazil’s Central Bank, Ilan Goldfajn, said, Reuters reported. Speaking at a seminar on inflation targets, Goldfajn said monetary policy will contribute to returning Brazil to growth after a two-year recession, and the scenario for inflation will evolve favorably over the next few years. He also said the bank’s monetary policy committee viewed as “adequate” the rate of reduction in interest rates.