February 26, 2018 / 1:02 PM / a year ago

Brazil must push reforms to make economic recovery last -Cenbank

SAO PAULO, Feb 26 (Reuters) - Brazil’s central bank chief Ilan Goldfajn said on Monday that Latin America’s top economy must somehow continue on the path of reforms to maintain low inflation and a sustainable economic recovery.

Goldfajn also said that the central bank expects a solid economic recovery this year with inflation reaching goals, though he warned of risks. President Michel Temer last week gave up pension reform ahead of October’s presidential elections, a legislative setback that prompted Fitch to cut Brazil’s credit rating further into junk territory. (Reporting by Patricia Duarte)

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