Brazil Finance Ministry to announce new economic measures

BRASILIA Wed Jun 12, 2013 5:53pm EDT

Brazil's Finance Minister Guido Mantega speaks during news conference in Brasilia May 29, 2013. Mantega said Brazil's GDP grew by 0.6% in Q1. REUTERS/Ueslei Marcelino

Brazil's Finance Minister Guido Mantega speaks during news conference in Brasilia May 29, 2013. Mantega said Brazil's GDP grew by 0.6% in Q1.

Credit: Reuters/Ueslei Marcelino

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BRASILIA (Reuters) - Brazilian Finance Minister Guido Mantega will announce new economic measures at a news briefing later on Wednesday, the ministry said in a statement.

The new measures come amid growing speculation the government will remove more capital controls to limit the sharp depreciation of the Brazilian real. Local media has also said the government could announce measures to reaffirm its commitment to fiscal responsibility.

(Reporting by Alonso Soto; Editing by Sandra Maler)

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