FX & Money Markets

Macroeconomics, monetary policy, FX and money markets
The Reuters Latin America Summit produces a crop of exclusives.

The Reuters Latin America Summit produces a crop of exclusives.

In the first interview with any foreign media as candidate in Brazil’s presidential race, on May 4th, former presidential chief of staff Dilma Rousseff laid out much of her likely economic platform to Reuters. Allaying fears she could veer to the left if she were to succeed her market-friendly mentor and current president, Luiz Inacio Lula da Silva, she detailed ambitious debt reduction and primary budget surplus targets. She also said she would launch a “Build-in-Brazil” policy, providing tax incentives to reduce imports in certain sectors. Knocking down expectations she could intervene in capital and currency markets, she praised the central bank and its recent rate hike and spoke highly of market-friendly former finance minister Antonio Palocci. She said she would also favors cutting taxes on capital and consumer goods such as automobiles to boost industrial output and create jobs. 

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