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Expensive money is the fault of government debt, says Brazil’s Central Bank president

By Vinicius Sales

The President of the Central Bank (BC) says the government is competing with business "for the money they have available to invest in projects".

The president of the Central Bank, Roberto Campos Neto, said that the high level of interest rates is not the Central Bank's fault but the government's debt.

According to him, it is a "fallacy" to claim that inflation is not related to demand.

"We have to be careful not to have an inversion of values. If you, a business person, are trying to get some money and it's expensive, it . . .

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