Meirelles Says He’s ‘Comfortable’ With Brazil Growth

Brazilian central bank President Henrique Meirelles said he’s “comfortable” with the current pace of economic growth, adding that expansion will slow to a level consistent with long-term equilibrium.

Meirelles said gross domestic product will expand an average 0.7 percent over the next two quarters, after the national statistics agency today said it rose 1.2 percent in the second quarter. Economists surveyed by Bloomberg expected growth to slow to 0.7 percent in the second quarter from the first three months of 2010, according to the median of 41 forecasts.