* Central bank chief says credit growing at healthy pace
* Tombini: Brazil prepared if global economy worsens
BELO HORIZONTE, Brazil, Aug 1 (Reuters) - Brazil is prepared for a possible deterioration of the global economy, central bank chief Alexandre Tombini said on Monday, as concerns over U.S. and European debt crises shook markets.
Tombini said Brazil's economy continues to grow at a healthy pace, while inflation is starting to come down on an annual basis and should fall to the center of its 2.5 percent to 6.5 percent target range next year.
Brazil's robust economic growth and high interest rates have made it a top destination for foreign capital flows this year, leading to problems such as an overvalued exchange rate and worries over a credit bubble.
Tombini said that credit is now growing at a healthy pace thanks in part to central bank measures that have restricted lending by increasing bank reserve requirements, among other steps. (Reporting by Aline Reskalla; Writing by Brian Winter; Editing by Andrew Hay)