Socialist Candidate Would Shoot for 3% Inflation as Brazil’s President By Raymond Colitt Aug 23, 2014 Presidential candidate Marina Silva would work to slow Brazil’s inflation by more than half during her four-year term if elected in October, said Maria Alice Setubal, an aide responsible for drafting her platform. Silva, who replaced Eduardo Campos as presidential candidate for the Brazilian Socialist Party after he died in a plane crash, plans to cut consumer price increases to 3 percent by the end of 2018, Neca Setubal, as the aide is known in Brazil, said in a phone interview. She said Silva would shoot for the government’s 4.5 percent inflation target from the start and would support central bank autonomy to set monetary policy. “Those who know Marina know she will follow through on what she is saying now,” said Neca Setubal, who is sister to Roberto Setubal, chief executive officer of Latin America’s biggest bank by MARKET value, Itau Unibanco Holding SA. “Marina will commit to all pledges made by Eduardo Campos in relation to inflation targeting, tax reform” and central bank autonomy.
Posted on: Sat, 23 Aug 2014 12:21:18 +0000
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