Brazil’s acting president Michel Temer has introduced sweeping reforms since taking over from President Dilma Rousseff, who is suspended under impeachment proceedings and still to face trial in the Brazilian Senate.
Temer’s initial moves were clearly intended to shift economic policy in a more orthodox direction and restore investor confidence.
This policy thrust was underlined by the appointment of inflation hawks such as Henrique Meirelles as Finance Minister and MIT-trained economist Ilan Goldfajn to head the central bank.
Increased
