Brazil's planning minister sees room for interest rate cuts in second half

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Brazil's planning minister sees room for interest rate cuts in second half

, Reuters - 7:59 AM ET 3/25/2025 default

BRASILIA, March 25 (Reuters) - Brazil's Planning Minister Simone Tebet said on Tuesday she believes conditions should be in place for the central bank to deliver interest rate cuts in the second half of the year, even if the move is small.

Speaking in an interview with a government radio station, Tebet said she sees no inflationary impact from recent measures announced by President Luiz Inacio Lula da Silva to boost consumption, including a broader income tax exemption to cover the middle class.

According to the minister, the move is not surprising as it fulfills a presidential campaign promise. (Reporting by Gabriel Araujo; Writing by Marcela Ayres)

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