Brazil's Lula says central bank should take care of inflation, growth and jobs

Kitco Media
By Reuters
Published:
Updated:
Reuters
BRASILIA, Feb 16 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday he wants the central bank governor Roberto Campos Neto to fulfill his mandate to take care of inflation, growth and jobs, another signal of tensions between the government's position regarding high interest rates. Hiking interest rate is important in case of demand-pull inflation, this is not the case in Brazil, he said during an interview to CNN Brasil. Lula also said that if independent central bank has brought something positive, it's okay to be independent, adding he was "not worried" about its autonomy. (Reporting by Maria Carolina Marcello)

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