Brazil's central bank head says 'not ideal' to change fiscal targets

BY Reuters | ECONOMIC | 04/15/24 04:04 PM EDT

April 15 (Reuters) - Brazil's central bank governor Roberto Campos Neto said on Monday that the "ideal" would be for the government not to tweak its fiscal targets, and that any changes in case of "detours" need to be well communicated.

His remarks came after Brazil's government in its budget guidelines bill set a fiscal target of zero primary deficit for 2025, postponing the path for debt stabilization initially planned when new fiscal rules were introduced last year. (Reporting by Marcela Ayres; editing by Gabriel Araujo)

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