Are we in fiscal dominance?

Fiscal dominance is characterized by a situation in which monetary policy (increases in the Selic rate) is no longer effective in controlling inflation; understand

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ALOISIO MAURICIO/FOTOARENA/ESTADÃO CONTÚDO
The dollar yesterday hit R$6.20, even with the Central Bank operating heavily with dollar sales

*This text does not necessarily reflect the opinion of Jovem Pan.

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