São Paulo – The chairman of the Central Bank of Brazil, Henrique Meirelles, said yesterday (14th) that the interest rate is set in such a way that it suits the market conditions.
“We are taking that into account, and aiming at stability and predictability. I believe that the real interest rate may continue to drop,” he asserted.
Meirelles said that Brazil is going to leave the crisis behind faster than the other economies. According to him, rising retail sales indicate that.
“We are gaining strength. Investment is increasing and the Brazilian industry is more competitive now,” he claimed.
*Translated by Gabriel Pomerancblum
PUBLICIDADE
