Finance Minister Fernando Haddad of Brazil asserts that a recession is unnecessary to lower inflation, indicating that the economy can grow without significant price increases. He highlighted the central bank’s recent interest rate hike to 14.25% as a necessary measure to achieve inflation targets.
Brazil’s Finance Minister Fernando Haddad stated on Thursday that a recession is not necessary to reduce inflation in Brazil. He believes that the economy can continue to grow while keeping consumer price increases manageable. Haddad emphasized the importance of the central bank’s role in stabilizing inflation to meet the targeted goals after a recent increase in the benchmark interest rate.
Haddad’s comments suggest a belief in the possibility of economic growth without inflationary pressures. The central bank’s recent rate hike is a critical step towards addressing inflation while aiming for continued economic expansion. This indicates a strategic approach focusing on growth alongside inflation control.
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