SAO PAULO, April 4 (Reuters) - Brazil has macroeconomic
conditions in place for the central bank to cut interest rates,
an economy ministry official said on Tuesday, as President Luiz
Inacio Lula da Silva calls on the authority to ease monetary
policy.
Economic Policy Secretary Guilherme Mello said in an
interview with CNN Brasil that his stance on interest rates
takes into account "the economic deceleration scenario" and
credit market conditions. Brazil's benchmark interest rate
currently stands at a six-year high of 13.75%.
(Reporting by Eduardo Simoes; Editing by Steven Grattan)
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