Brazil Economy Minister forecasts rising inflation and fears political risk

Minister of Economy Paulo Guedes on Tuesday said during an interview with Bloomberg TV in the United States that inflation in Brazil will rise, but that there will be growth this year and in 2022.

RIO DE JANEIRO, BRAZIL - A year ahead of presidential elections, the head of the economic team also said he fears the impact of political risk on financial markets.

"Yes, inflation will rise, but monetary policy is there to contain price hikes," Guedes replied to a question about inflationary pressure in Brazil. According to the Minister, half of Brazil's inflation currently comes from food and energy prices.

Guedes said that Brazil has a "vibrant" democracy, but that there is much "political noise." He said that there is a "group" in the country that lost the 2018 elections, but "does not . . .

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