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Finance Minister Haddad To Talk With BCB Governor On Rates Remarks

BRAZIL
  • BRAZIL'S HADDAD: IMF CHIEF ASKED FOR MORE FUNDS FROM BRAZIL
  • SAYS IMF COMMITTED TO SCHEDULE FOR QUOTA REFORM
  • IMF IS UNDER RISK OF BECOMING WEAKER
  • WILL TALK TO CAMPOS NETO ABOUT RATES REMARKS (BBG)
  • The above Haddad headline on rates may be referring to the following in a Valor report:
    • “We see that interest rates are likely to stay high for longer, which means a high cost of debt. That could be dysfunctional for emerging markets, that was my point,” he added.
    • Mr. Campos reiterated that monetary policy is very coordinated across countries, but fiscal policy is not. “We could have a rupture in the markets before we get to the disinflation process.”

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