Bruno Bocchini
Reporter Agência Brasil

São Paulo – The president of the Central Bank (BC), Henrique Meirelles, declared yesterday that in light of the international situation and Brazil's improving economic state, it is not a good idea to make changes in the country's economic policies. Meirelles said that it is important to continue fiscal policy because they are "responsible."

According to Meirelles, the fact that Brazil is on track can be seen because inflation is being kept to pre-established levels, the debt/GDP ratio is in decline, the exchange rate really floats and the government is moving ahead with microeconomic reforms. "These are policies that work. They have worked in other countries and they are being successful here in Brazil," he said, adding that this was not the moment to take risks.

Meirelles concluded by saying he did not expect the government to interfere with the exchange rate.

Translation: Allen Bennett