BRAZIL’S HADDAD: NOT SUSTAINABLE TO HAVE KEY RATES THAT HIGH- BLOOMBERG 4/11
By Beatriz Reis and Andre Loureiro Dias
(Bloomberg) -- “Interest rates will have to fall; there’s no way to sustain a
real interest rate of 10%. I don’t know when, I’m not a director of the central
bank,” Finance Minister Fernando Haddad said during Bloomberg Green at COP30 in
Sao Paulo.
* “A 10% real interest rate is unsustainable, it doesn’t make sense,” he added
* High interest rates impact Brazil’s production, he added
* CPI’s expectations are starting to converge to target and interest rates will
need to fall
* Brazil is doing better than analysts’ forecasts, he said
* “We will respect primary result’s goal”, he said
* I always comply With the Fiscal Target: Haddad
* Economic policy is being conducted the right way
* Economic team is always focused to deliver the expected result, said
Haddad
* Congress is being very reasonable with economic agenda
--With assistance from Barbara Nascimento.