Brazil still has room for more interest rate cuts, says finance minister

SAO PAULO, June 18 (Reuters) - Brazil's Finance Minister Dario Durigan said on Thursday that there is still room for further interest rate cuts in Brazil, but emphasized that is the central bank's prerogative.

Brazil's central bank on Wednesday cut rates at a third straight meeting to 14.25% and left its next steps open.

Durigan added that the government has been working to contain inflation and is blocking 23 billion reais ($4.51 billion) in the budget to signal a contracted fiscal trajectory that should help with monetary policy.

($1 = 5.1052 reais)


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