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Reuters
Reuters
Business

Brazil's Haddad backs longer-term target for inflation, no talk of goal change

Fernando Haddad Inflation Brazil central bank Gabriel Galipolo Interest Rates
Brazil's Finance Minister Fernando Haddad reacts while speaking with journalists after a meeting with Brazil's Central Bank President Roberto Campos Neto in Brasilia, Brazil April 3, 2023. REUTERS/Ueslei Marcelino

Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation and that the central bank could begin cutting interest rates.

He added, however, that the government could not pre-empt any decision on changing the inflation targets set by the National Monetary Council consisting of himself, the planning minister, and the central bank governor.

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