Brazil loan costs can converge with peers-Meirelles

SAO PAULO, Jan 3 (BestGrowthStock) – There is no reason Brazilian
interest rates cannot converge toward international levels in
coming years, Henrique Meirelles, the country’s outgoing
central bank chief, said on Monday.

Brazil’s new president, Dilma Rousseff, has emphasized her
desire to see lower real borrowing costs in Latin America’s
biggest economy, which has some of the world’s highest interest
rates.

Meirelles spoke at a ceremony to inaugurate his successor,
Alexandre Tombini.

(Reporting by Todd Benson; Writing by Luciana Lopez, Editing by Chizu
Nomiyama)

Brazil loan costs can converge with peers-Meirelles