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Brazil’s Fiscal Impulse Blamed for Two-Thirds of Long-Term Interest Rate Surge

Structural fiscal concerns in Brazil, driven by spending, are responsible for 63% of the recent surge in 10-year interest rates.

By Marcus Wright

Published
Brazil’s Fiscal Impulse Blamed for Two-Thirds of Long-Term Interest Rate Surge
Source: Arquivo ABr / Wikimedia Commons (CC BY 3.0 br)

Structural fiscal concerns in Brazil, driven by spending, are responsible for 63% of the recent surge in 10-year interest rates.

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