Brazil's Bolsonaro vows to uphold cenbank independence on rate-setting


  • World
  • Wednesday, 17 Oct 2018

FILE PHOTO: Presidential candidate Jair Bolsonaro is pictured during a news conference in Rio de Janeiro, Brazil October 11, 2018. REUTERS/Ricardo Moraes/Files

RIO DE JANEIRO (Reuters) - Brazil's far-right presidential frontrunner said on Tuesday that if he wins this month's election, the country's central bank will maintain independence in setting interest rates and operate without any political interference.

The former army captain, who has a healthy lead in the polls over his leftist rival Fernando Haddad, added that he thought the current pension reform bill was unlikely to be approved in Congress, and that he would undertake his own, with possible tweaks to military pensions.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

U.S. stocks close lower
Czech Republic records over 10,000 whooping cough cases this year
Roundup: U.S. witnesses bird flu outbreaks in poultry, dairy cows
US and allies aim to help Ukraine bolster defenses after aid gap
5 Tunisian fishermen dead after boat sank off eastern coast
Crude futures settle higher
Cargo ship fire in Dardanelles Strait halts maritime traffic
Feature: Students in UK wowed by time-honored cultural treasures of China
2 foreign tourists killed in road accident in Namibia
U.S. dollar ticks down

Others Also Read