FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BRAZIL: (MNI) Fiscal Sustainability Key To Rate Cuts - Campos Neto

BRAZIL
  • Brazil's Central Bank governor, Roberto Campos Neto, said Friday that fiscal sustainability is key for price stability and reducing interest rates, adding that adjustments through revenue increases instead of expense cuts are less efficient.
  • "Public debt increases lead to lower growth. In this sense, it is important to deepen and develop capital markets. Fiscal sustainability is fundamental for price stability and for reducing interest rates," he highlighted at the XII Lisboa Forum, in Portugal.
  • "Excessive public interventions in the economy create distortions and inefficiency in resource allocation, leading to lower growth," Campos Neto said. "Adjustments made on the revenue side are generally less efficient and result in more inflation and less growth," he added.
BulletGlobalEM BulletEmerging Market News
BulletGlobalEM BulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.