It was after four years of neo-fascist far-right government that the former metallurgist was re-elected as president of Brazil for his third term. If the hopes are high, the challenges are just as high.
“We carry a mistake made in 2020, when we pushed the interest rate to an unrealistic level”, says Rogério Xaiver, from SPX Capital (Image: Shutterstock/SPX Disclosure – Editing: Julia Shikota) the government of Jair Bolsonarothrough its Minister of Economy, Paulo Guedesfailed to establish a inflation target so low. Refusing to…
Brazil s Finance Minister Fernando Haddad found the Monetary Policy Committee (Copom) s decision to leave the basic Selic interest rate unchanged at 13.75% per year very worrisome, particularly because new increases were not ruled out for the near future, Agencia Brasil reported.