Brazil’s Outgoing central bank President told Swiss newspaper Le Temps that conditions remain in place for strong economic growth, while he warned against inflated expectations under the country’s new populist government.

In an interview quoted by Bloomberg, Ilan Goldfajn told that «the expectations are now very high in Brazil». The responsible, who is to be replaced as central bank president by Roberto Campos Neto, said the same source that to keep inflation in check Brazil must continue with economic reforms under the new government of Jair Bolsonaro.

«The idea is to continue the reforms and increase the flexibility of the economy», he said. «If the new government comes to put the accounts in order, the economy will gain in productivity».

Goldfajn also said Brazil’s inflation is under control and can remain so in coming years, with interest rates at a low level to stimulate the economy. He expects economic growth of 2.5% in March.

Original Story:Bloomberg |Andy Hoffman
Photo:  Arquivo/Marcelo Camargo/Agência Brasil
Edition: Prime Yield