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Fiscal risk will get more attention globally from now on, says Campos Neto

Fiscal risks will gain more international attention from now on, with investors keeping an eye on debt sustainability both in Brazil and around the world, Central Bank President Roberto Campos Neto said on Monday.

Campos Neto said at an event organized by Legend Investimentos that countries’ fiscal reality is “separated” from monetary policy around the world, citing the United States, Japan and Europe as examples.

Among emerging markets, he said Brazil is “a little worse than average” in terms of public finances and argued that private solutions need to be found to overcome this fiscal crisis, both globally and locally.

Source: Terra

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