Brazil: Haddad congratulates Congress and STF for better S&P

Brazil: Haddad congratulates Congress and STF for better S&P ratings

Brazil's Finance Minister Fernando Haddad Wednesday said that the improved outlook by the risk rating agency Standard & Poor's (S&P) was due to the harmony between the branches of government, Agencia Brasil reported. In Haddad's view, National Congress and the Federal Supreme Court (STF) have an important role in the S&P's decision, but the Central Bank (BCB) needs to 'join the effort' and start reducing the interest rates.

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