INSUBCONTINENT EXCLUSIVE:
Finance Minister Fernando Haddad met with top bank executives, stirring significant market volatility.Immediately, stock prices dipped, and
mandatory expenses that might restrict funds for other vital areas.Although he made no firm commitments, the mere hint of fiscal instability
(Photo Internet reproduction)After the meeting, misinterpretations about potential fiscal changes spread, worsening the market
reaction.Before the leak, the Ibovespa index had climbed 1.23%
Yet, it plunged 1.73% post-leak, with the dollar reaching R$ 5.3247, its highest since January 2023.Interest rates jumped more than 0.40
education, which could deplete funds for discretionary spending.Haddad acknowledged having plans to present to President Lula, but specifics
annual increase.By emphasizing the economic impact of such decisions, he reassured the financial community about his dedication to fiscal
attendees affirmed his consistency in addressing these fiscal challenges.To conclude, after the market downturn, Haddad reiterated the
importance of clear communication.He invited direct queries to prevent future misinterpretations, showcasing a proactive stance in
maintaining fiscal integrity.
