Mantega Says Brazil Will Do What It Takes to Fight Inflation
This article is for subscribers only.
Finance Minister Guido Mantega said Brazil will do what it takes to fight inflation, adding that interest rate increases are an option to rein in consumer prices. Swap rates rose.
“The interest rate isn’t fixed. If you have more worrying inflation, it can move, but this is up to the central bank to decide,” Mantega said in an interview from Moscow today. “The government will do what it takes to keep inflation under control.”