Slide 46
Slide 46 text
After becoming president in 2011, Dilma
Rousseff sought to stimulate growth by
hiking public spending and the minimum
wage, and forcing state-run banks to lend
more. The resulting inflation was tackled
not by raising interest rates but by cutting
sales taxes and holding down the price of
items with a big impact on the inflation
index, including food, petrol and bus fares.
“ ”
http://www.economist.com/news/americas/21579048-feeble-growth-has-forced-change-course-governments-room-manoeuvre-more