December 20, 2024 17:09 GMT
BRAZIL: Fitch Ratings Warn on Fiscal & Monetary Tensions
BRAZIL
- "Forceful monetary tightening by Brazil’s central bank (BCB) aims to anchor expectations amid rising market concerns around public finances but will also aggravate the underlying fiscal challenge, Fitch Ratings says."
- "Positive fiscal developments will be important to arrest a negative feedback loop between fiscal and monetary policy."
- Full note here: https://www.fitchratings.com/research/sovereigns/brazils-fiscal-monetary-tensions-create-negative-feedback-loop-20-12-2024
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