Brazilian central bank chief Roberto Campos Neto said on Thursday that a fiscal framework bill approved a day earlier by the country’s lower house has had a positive impact on inflation forecasts and long-term interest rates.
Brazil’s lower house passed the bill on Wednesday and sent it to the Senate, a major victory for the President Luiz Inacio Lula da Silva’s government as it seeks to balance public accounts while taming debt growth.
Read More : Brazilian Central Bank Chief Sees New Fiscal Bill as Positive Signal for Inflation