Brazil's economy may have flatlined in second-quarter: central bank chief

Reuters

Published Aug 27, 2019 10:21AM ET

Brazil's economy may have flatlined in second-quarter: central bank chief

BRASILIA (Reuters) - Brazil's economy flatlined or expanded slightly in the second quarter but the pace of growth should pick up, albeit gradually, central bank president Roberto Campos Neto said on Tuesday.

Campos Neto also said that a benign outlook for inflation should allow the central bank to provide additional policy stimulus, according to a presentation to the Senate's economic committee posted on the central bank's website.