Central Bank President Roberto Campos Neto said on Wednesday that it is very difficult for local governments to think about working with lower interest rates without having the prospect of debt convergence.
At the “Economic Scenario of Brazil and Developments for 2025” event, promoted by Aurum Wealth Management & Multi Family Office and Veedha Investimentos, in Sao Paulo, Campos Neto reiterated previous statements that the government must make a move that generates a positive shock in terms of expectations in fiscal policy, so that the country can work with lower interest rates in the future.
He stressed on Tuesday that market questions about the trajectory of government debt create difficulties in the process of reducing financing costs.
Source: Terra
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