BRASILIA, May 5 (Reuters) – Brazil’s finance minister Dario Durigan said the government’s relaunched consumer debt relief program won’t provide enough stimulus to derail the current monetary easing cycle.
“(The impact) seems quite contained,” Durigan said in an interview with TV program Roda Viva late on Monday.
The government relaunched on Monday a consumer debt relief program first introduced in 2023, aiming to reduce interest burdens and boost disposable income ahead of President Luiz Inacio Lula da Silva’s re-election bid in October.
“Is the fiscal picture pressuring monetary policy today? No, it is the war,” he said, referring to the U.S.-Israeli against Iran, which has pushed up oil…