Wednesday, November 5, 2014

Brazil's Rousseff to Rein in Excesses - for a While

A quick belt-tightening, and then back to business as usual.
That appears to be the strategy in coming months for Brazil's newly re-elected President Dilma Rousseff, who is trying to win back the business community's confidence without sacrificing her leftist agenda of reducing poverty and ensuring a strong state presence in the economy.
Since narrowly winning an Oct. 26 runoff, Rousseff has fueled hopes of a market-friendly shift by allowing the central bank to raise interest rates, which surprised investors and should help control inflation running above 6.5 percent a year.

No comments:

Post a Comment