EU leaders prepare to take on bond markets
18 de novembro de 2010STJ define listas para vagas da OAB na tarde desta segunda-feira
22 de novembro de 2010Brazilian Finance Minister Guido Mantega has accepted President-elect Dilma Rousseff’s invitation to remain in his position, a person familiar with the matter said.
Mantega met with Rousseff today at President Luiz Inacio Lula da Silva’s country home, where she is living until she takes office on Jan. 1. Mantega accompanied Rousseff and Lula to the Group of 20 summit in South Korea last week.
Rousseff’s transition team won’t comment on speculation and the president-elect will announce her cabinet picks at the appropriate time, said one of her press officers who cannot be identified because of internal policy.
Rousseff plans to announce her economic team next week, Folha de S. Paulo newspaper said today. The newspaper said Rousseff favors keeping Mantega as finance chief and may ask central bank President Henrique Meirelles to stay in his post until at least February.
Mantega, who has headed the Finance Ministry since 2006, said on Nov. 13 that Rousseff will open room for the central bank to cut the benchmark interest rate next year by restraining public spending. Her government will seek a balanced budget by the end of her term in 2014 while reducing net debt to about 30 percent of gross domestic product from 41 percent now, he said.
“I believe the central bank can cut in 2011,” Mantega said in an interview as he was leaving Seoul. “How much it will fall, I don’t know, but I can assure you it will fall.”
Investors are “jittery” over the prospect of Mantega remaining in his post because his nomination “may suggest less optimism on fiscal policy,” RBC Capital Markets in Toronto said in a report today.
Yields on interest-rate futures jumped across the board today. The yield on the contract due in January 2012 rose 6 basis points to 11.64 percent as of 4:51 p.m. New York time.
