Brazil Central Bank Sees Finance Ministry Committed to Fiscal Package
- Bank’s minutes seen as hawkish despite nods to finance chief
- Central bank under fire from Lula for keeping rate at 13.75%
Brazil's central bank chief Roberto Campos Neto during a news conference in Brasilia.
Photographer: Andre Coelho/BloombergThis article is for subscribers only.
Brazil’s central bank gave a nod to Finance Minister Fernando Haddad’s efforts to approve a fiscal package to shore up public finances, saying such measures could help reduce upside risks to inflation.
“The Committee stresses that the materialization of a scenario with a solid and credible fiscal framework might result in a more benign disinflationary process,” board members wrote in the minutes of their latest policy meeting released on Tuesday.