Brazil Now Experiencing its “Worst Moment”, But Growth Will Come, Says Central Bank Chief

The country is expected to grow in the second semester. The Central Bank has made room for an additional drop in the Selic (the basic interest rate), currently at six percent per year.

RIO DE JANEIRO, BRAZIL - Roberto Campos Neto, president of the Central Bank, said on Thursday, September 5th, that the Brazilian economy's growth is "below what we would like". "We are going through the worst moment. We will begin to grow in the second half of the year, most likely in the fourth quarter," he said, during an event in Brasília.

Campos Neto also said that there has been a downward revision of growth in the world . . .

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