By Maria Eloisa Capurro, Martha Beck and Josue Leonel
Investors have gotten alarmed by the escalating combat over Brazil’s inflation targets, betting the federal government’s marketing campaign to make the forex cheaper will backfire.
Stock markets and the forex of Latin America’s greatest economic system plunged Thursday after Bloomberg News reported that President Luiz Inácio Lula da Silva’s authorities is pushing for an early overview of the nation’s inflation targets, intending to lift them.
Lula, who took workplace final month, has been lashing out for weeks on the Central Bank’s 13.75% rate of interest, the very best . . .
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