Without traveling to China because of mild pneumonia, President Luiz Inácio Lula da Silva (PT) will be pressured to resolve what is pending here in Brazil soon.
The first doubt is whether the fiscal rule will gain priority status in the government, after being postponed to mid-April. The idea, according to an investigation by the policy analyst of the CNN Basília Rodrigues, is that the disclosure of the substitute for the spending cap takes place this week, which should guide market movements.
The greatest barrier faced by the Minister of Finance, Fernando Haddad, is in the Planalto Palace itself: the political wing of the government does not want to accept anything that limits public spending in the short term. Lula wants growth above 2% this year — an unlikely scenario not only due to the situation of the Brazilian economy, but also due to the international turmoil related to the crisis in the global banking system, which continues to shake the markets.
On Tuesday, the Central Bank should release the minutes of the last meeting of the Monetary Policy Committee (Copom), which decided to keep the interest rate at 13.75% pa It remains to be seen whether there will be any sign of a truce with the government .
In this Monday’s episode (27), the CNN Money it also deals with the delegation of businessmen that should travel to China, even without the presence of president Lula, and the expectations for the meeting.
Presented by Thais Heredia, the CNN Money it presents a balance of the news subjects that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
*Posted by Tamara Nassif
Source: CNN Brasil
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
