BRASILIA, April 11 (Reuters) - Brazil's Finance Minister
Fernando Haddad said on Tuesday that there will be space for
interest rate cuts with "increased confidence in the country's
fiscal framework and a fiscal consolidation path consistently
affecting inflation expectations".
According to Haddad's statement for the International
Monetary and Financial Committee meeting, Brazilian inflation is
relatively lower than in most advanced economies. He emphasized
that credit has contracted, economic activity is softening, and
the labor market shows signs of moderation.
(Reporting by Marcela Ayres)
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