Market sees policy interest rate under pressure
If the consensus view among market economists proves to be correct, the Central Bank will keep the Selic policy interest rate for quite some time at the current 13.75% before starting a process of interest rate easing. The stimuli contracted for next year and the uncertainties surrounding the future government’s handling of fiscal policy have […]
Government to save R$417.6bn in debt interest over four years
The government’s spending on interest on the federal public debt will fall by R$417.6 billion during the four years of the Jair Bolsonaro administration thanks to the falling Selic policy rate, according to an Economy Ministry estimate. That is almost half of the ten-year savings to be achieved with the pension reform, which Congress passed last […]