May 9, 2020 / 9:01 PM / 25 days ago

Brazil's central bank to shower economy with money in case of depression -economy minister

SAO PAULO, May 9 (Reuters) - Brazil’s Economy Minister Paulo Guedes on Saturday said the country’s central bank is likely to shower the economy with money in case of an economic depression.

Still, Guedes said in a live online event hosted by Itau Unibanco Holding SA that he sees Latin America’s biggest economy posting a “V-shaped” recovery, as its vital signs are preserved so far.

Reporting by Carolina Mandl Editing by Chris Reese

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