It has been rumoured in the Brazilian press that Henrique Meirelles will step down as Governor of the central bank (BCB) next year, but that Finance Minister, Guido Mantega, will retain his post under President-elect Dilma Rousseff. While it is too soon to change any forecasts, not least because there have been no formal announcements, there is little to suggest that the new administration is about to undertake a much-needed rebalancing of the policy mix in favour of tighter fiscal policy and looser monetary policy, which will be essential to shifting Brazil to a higher growth path.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services