RIO DE JANEIRO May 12 The advance of the
Brazilian government's ongoing fiscal reforms will be decisive
for the performance of the economy and keeping inflation on a
downward spiral, the governor of Brazil's Central Bank, Ilan
Goldfajn, said on Friday.
Speaking at a seminar on inflation targets, Goldfajn said
monetary policy will contribute to returning Brazil to growth
after a two-year recession, and the scenario for inflation will
evolve favorably over the next few years. He also said the
bank's monetary policy committee viewed as "adequate" the rate
of reduction in interest rates.
(Reporting by Anthony Boadle)