Brazil's Lula reaffirms fiscal discipline and pledges conditions for lower interest rates
Brazilian President Luiz Inacio Lula da Silva reaffirmed his commitment to fiscal responsibility in a televised address outlining priorities for his upcoming fourth term. He pledged to preserve budget rules and create conditions for lower interest rates, but announced no new measures to address investor concerns. Lula also set a goal of raising investment above 20% of GDP in partnership with the private sector.