Economy resilient despite restrictive rates, says BCB governor
Galípolo also tells Senate committee that fallout from Banco Master case is ‘extremely serious’
The governor of the Central Bank of Brazil (BCB) has said economic activity in the country continues to show resilience, despite restrictive interest rates.
In a hearing before the Brazilian Senate’s economic affairs committee on May 19, Gabriel Galípolo said the economy was close to full employment and that there was robust growth in households’ disposable income, according to newspaper Valor Economico.
Economic activity grew 1.4% on an annual basis during the first quarter, according to the
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