March 19, 2018 / 1:59 PM / 8 months ago

Brazil's central bank head urges G20 to avoid U.S. protectionism

FILE PHOTO - Brazil's Central Bank President Ilan Goldfajn attends a conference about trade and globalization at the central bank headquarters in Sao Paulo, Brazil, March 1, 2018. REUTERS/Nacho Doce

BUENOS AIRES (Reuters) - Brazilian Central Bank governor Ilan Goldfajn on Monday urged the G20 major economies to work to keep global trade flows open and try to avoid the potential import tariffs planned by the United States.

Speaking to reporters on the sidelines of the G20 meeting of financial authorities in Buenos Aires, Goldfajn said Brazil welcomes the normalization of U.S. monetary policy as long as it does not reduce capital flows to emerging economies. “Everything indicates this process will be smooth,” he said.

Reporting by Anthony Boadle; Editing by Paul Simao

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