Luis Otavio Leal, our Partner and Chief Economist, gave an exclusive interview for the “Veja Mercado” program, anchored by reporter Diego Gimenes.
Moody’s positive outlook for Brazil shows that the country’s growth is surprising the market positively, however, the fiscal framework and solidification and consolidation of fiscal rules suggest it will be difficult for targets to be met in 2024.
In the same interview, Leal gave his opinion on the 2% inflation target versus the Fed’s decision to maintain the country’s interest rates between 5.25% and 5.5%.
“The cut in the US interest rate will depend on data. The post-pandemic economic situation is rebalancing its forces between goods and services. Not just in the US economy, but also worldwide.”
Click here to watch the full interview.