December 19, 2017 / 1:07 PM / in a year

Brazil's Goldfajn eyes moderate Feb rate cut

BRASILIA, Dec 19 (Reuters) - Brazil’s central bank chief Ilan Goldfajn said on Tuesday that a moderate reduction in the bank’s benchmark Selic rate, which currently stands at 7 percent, would be appropriate in February.

Speaking in the capital Brasilia, Goldfajn added that he will work in 2018 on adjusting private bank reserve requirements as a means of reducing costs in the sector, but doing so will not be used as a monetary policy tool. (Reporting by Mateus Maia; Writing by Gram Slattery)

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