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Tax Expenditure and Inflation Should Make BC Stop Cutting Interest, Says Srour
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The Brazilian Central Bank would be close to closing the current cycle of monetary easing, and the main issue in the financial markets is how long the interest rate will need to remain in restrictive territory for inflation to return to its goal. According to Solange Srour, CNN Money columnist and macroeconomic director for Brazil at UBS Global Wealth Management, the monetary authority should pause the cycle of cuts. According to her, economic f…
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