Brazil’s Finance Minister Asserts Recession Unnecessary for Inflation Control

Brazil’s Finance Minister Fernando Haddad asserts that a recession is unnecessary to control inflation, arguing the economy can grow while keeping consumer prices in check. He emphasizes the central bank’s role in this process following a significant interest rate hike.

Brazil’s Finance Minister Fernando Haddad expressed confidence that the nation does not require a recession to decrease inflation rates. He suggested that the economy could continue its growth trajectory without allowing consumer prices to spiral uncontrollably. Despite this optimistic outlook, he recognized the necessity for the central bank to intervene in order to realign inflation with established targets.

In conclusion, Minister Haddad’s remarks indicate a belief in sustainable economic growth alongside controlled inflation, without resorting to recessionary measures. The central bank’s recent interest rate increases underscore the urgency of managing inflation effectively while enabling economic progress.

Original Source: www.tradingview.com