Brazil Relief Measures to Fan Inflation, Ex-Central Banker Says
- Social spending won’t fall, taxes will rise, says Persio Arida
- Lula’s economic plan will be clear when finance chief picked
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Brazil’s fight against inflation is far from over, with renewed price pressures coming next year when a newly elected government will likely scrap tax breaks while keeping additional social spending, according to one of the country’s top economists.
Persio Arida, who ran the country’s central bank in 1995 and later headed investment bank Banco BTG Pactual SA, says inflation will remain an issue for Latin America’s largest economy next year no matter who wins the presidential election in October.