The Brazilian public debt increased by 0.63% in March and reached R$5.856 trillion (US$1.16 trillion), according to data released on Wednesday (26) by the Ministry of Finance.
The increase was R$36.6 billion (US$7.26 trillion) from February.
According to the National Treasury Secretariat, the increase occurred, among other reasons, due to increased volatility in the international market, mainly because of the crisis involving banks in the United States and Europe.
"This instability has affected expectations regarding the conduct of monetary policy, leading the market to price shorter tightening cycles and lower final . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here