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MNI BRIEF: BCB's Neto Says Better To Stick With Fiscal Targets

(MNI) BRASILIA

Central Bank of Brazil Governor Roberto Campos Neto said it obviously has an effect on monetary policy.

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Brazil's Central Bank Governor Roberto Campos Neto said on Monday that it's best not to change fiscal targets, adding that it "obviously" has an effect on monetary policy.

"Ideal is not to change targets and to ensure that you do the most you can in terms of effort to achieve it. And if, for some reason, you have to make a detour on that, it's very important to communicate well," he said at an event sponsored by the Council on Foreign Relations in New York. He was asked whether the change in Brazil's fiscal target for 2025, announced today, could interfere with the monetary policy path.

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Brazil's Central Bank Governor Roberto Campos Neto said on Monday that it's best not to change fiscal targets, adding that it "obviously" has an effect on monetary policy.

"Ideal is not to change targets and to ensure that you do the most you can in terms of effort to achieve it. And if, for some reason, you have to make a detour on that, it's very important to communicate well," he said at an event sponsored by the Council on Foreign Relations in New York. He was asked whether the change in Brazil's fiscal target for 2025, announced today, could interfere with the monetary policy path.

Keep reading...Show less