Reported about 2 months ago
Brazil's central bank chief, Roberto Campos Neto, highlighted the growing burden of public debt due to increased government spending, emphasizing that fiscal issues must be addressed for effective monetary policy transmission. During the Kansas City Fed's economic conference, he pointed out that income transfer programs established during the pandemic have become permanent, complicating financial strategies. He stated that discussions around monetary policy will be challenging without first tackling fiscal realities.
Source: YAHOO