RIO DE JANEIRO, Jan. 16 (Xinhua) -- U.S. credit crisis will certainly affect the ongoing economic development in Brazil, Brazilian Central Bank President Henrique Meirelles said Wednesday.

    Meirelles said the Brazilian government is still examining attentively the current scenario in international market and he himself has also adopted measures to diminish the effects of the crisis to the country.

    Earlier Wednesday, Finance Minister Guido Mantega told local press that he had received orders from President Luiz Inacio Lula da Silva to take necessary measures in case the U.S. credit crisis threatened the development of the country's economy.

    In Meirelles' point of view, such measures will not have an "immediate impact" as the domestic market's demands have been boosting Brazil's economic growth and the country is "less dependent on international markets" than before.

    Meirelles stressed that Brazil's currency (real) is stable, and the U.S. dollar market in Brazil remains stable too, so the government needs not to take "specific measures" in this field.

    Meirelles also said the government should learn from other countries to avoid an "excessive credit granting policy from financial institutions."

    The credit crisis began when U.S. mortgage companies made hundreds of billions of dollars of inappropriate loans to individuals with poor credit records.