LatinNews Daily - 29 March 2023

In brief: Brazil’s central bank more positive on gov’t’s fiscal plan

* The monetary policy committee (Copom) of Brazil’s central bank (BCB) has released the minutes to its latest meeting, in which it discussed the rationale behind its recent decision to maintain high interest rates but also adopted a more approving tone in its assessment of the fiscal plan being pushed by Finance Minister Fernando Haddad, which is due to be presented by the government and then put to a vote by congress. The committee stated that “the materialisation of a scenario with a solid and credible fiscal framework might result in a more benign disinflationary process.” Speaking to the press following the publication of Copom’s statements, Haddad welcomed the more “suitable” tone from the central bank and spoke of a possible “harmonisation” between fiscal and monetary policy, according to the national news agency Agência Brasil. This softer tone comes as a change to the ongoing tension between the government and the central bank over interest rates.

End of preview - This article contains approximately 156 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.