IMF’s Lagarde: Brazil needs higher budget surplus for credibility

RIO DE JANEIRO (Reuters) – Brazil’s efforts to increase its primary budget savings are crucial for the country to regain investors’ confidence, the head of the International Monetary Fund said on Friday.

Speaking at a central bank event in Rio de Janeiro, Christine Lagarde said Brazil’s recent monetary tightening has already been working to control inflation expectations.

(Reporting by Alonso Soto and Walter Brandimarte)

Free newsletter signup
Never miss another Bankless Times news story as we send you hand-picked articles every morning
We hate spam. Your email address will not be sold or shared with anyone else. You will only receive our daily newsletter. You can unsubscribe at any time.