RIO DE JANEIRO, BRAZIL - "We managed to break the dynamics of high interest rates in Brazil when we managed to show the market that we were on the path to fiscal convergence. So I think it's very much about the fiscal aspect," Campos Neto said, in an appearance at the International Monetary Fund (IMF) Spring Meeting with the World Bank, recorded on April 1st.
Again, he argued that the recent rise in inflation in Brazil is due to the growth in international commodity prices, while the real has depreciated against the dollar.
"Actually, the local price of commodities has . . .
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