(Corrects to say as much as 17% in headline, first paragraph.)

Jan. 23 (Bloomberg) -- Brazil will take steps to reduce borrowing costs to ensure that credit expands as much as 17 percent this year, Finance Minister Guido Mantega said today in Brasilia.

To contact the reporter on this story: Carla Simoes in Brasilia Newsroom at csimoes1@bloomberg.net

To contact the editor responsible for this story: Robert Jameson at rjameson@bloomberg.net