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Brazil central bank chief stresses market concern with debt trajectory

BY Reuters | ECONOMIC | 10/29/24 06:33 AM EDT

Oct 29 (Reuters) - Brazil's central bank chief said on Tuesday that markets are questioning how the country will bring its debt down, emphasizing that while the primary budget balance is close to that of peers, its gross debt starts from a higher baseline.

Speaking at an event hosted by Lide Group in London, Roberto Campos Neto repeated that it was very difficult to have lower interest rates in the country without a positive shock on the fiscal side. (Reporting by Marcela Ayres; Editing by Gabriel Araujo)

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