speeds

The Brazilian economic team intends to present a plan to strengthen fiscal credibility of the country before the next central bank decision on interest rates, in an attempt to pressure the monetary authority to reduce borrowing costs, according to two people with knowledge of the matter. Although economists do not foresee a rate cut for the bank's next meeting on March 22, the sooner the Administration of Luiz Inácio Lula da Silva is able to alleviate investor concerns about public spending, the easier it will be for policymakers to start cutting the benchmark Selic index, said the people, who asked…