Brazil's "own mess" sends rates higher, Guedes says

Brazil's "own mess" sends rates higher, Guedes says

Corporate & Sovereign Strategy Brazil Economy & Policy

Brazilian policymakers will face an uphill struggle this week to restore market confidence after long-term interest rates hit the double digits last week. The combination of high inflation and dubious fiscal moves against the background of a worsening institutional crisis have rattled financial markets in Brazil. And who's to blame? According to Brazilian Economy Minister Paulo Guedes, the country may very well have only itself to blame.  "We, because of our own mess, are already starting to pus

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