Brazil’s Finance Chief Weighs Steps to Ease Credit as Markets Reel
- Fernando Haddad to discuss credit agenda with development bank
- Industry seeks subsidized credit program akin to agriculture’s
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Brazil’s finance chief is considering a series of measures to boost credit in Latin America’s largest economy, saying capital markets have “stalled” under the weight of high interest rates.
Fernando Haddad, who’s joined President Luiz Inacio Lula da Silva in criticizing the central bank’s restrictive monetary policy, said discussing a credit agenda with the nation’s development bank will be his next priority after approving a fiscal plan designed to shore up public finances.