Reported about 1 month ago
A former director of Brazil's central bank, Fernanda Guardado, advises that the institution needs to increase interest rates by nearly two percentage points by March 2025 to address inflation and an overheating economy. She highlights the necessity for initial hikes to start this month, followed by incremental increases, emphasizing that failing to act will require an explanation for anticipated economic cooling. With pressures on inflation and a tight labor market, Guardado underscores the critical role of monetary policy in moderating economic growth.
Source: YAHOO