Brazil central bank chief sees start of ‘V-shaped’ recovery, limited room for rate cuts
BRASILIA (Reuters) – Brazil’s economy looks to have begun a “V”-shaped recovery from the worst of the COVID-19 crisis, central bank president Roberto Campos Neto said on Thursday, citing the latest energy, traffic and tax collection data as well as double-digit credit growth.
Speaking in a live online event hosted by newspaper Correio Braziliense and Itau bank, however, Campos Neto also cautioned that economic rebounds in other countries that have started in similar fashion have recently shown signs of fading.
By Marcela Ayres and Jamie McGeever via Reuters