Dilma receives Mantega off the record, stirring up the market.
The market is speculating about the reason for the meeting, which was not on the president's agenda: new measures or changes in the Ministry of Finance? Expectations of the minister's departure or measures to stimulate the economy improved market performance on Tuesday afternoon.
247 President Dilma Rousseff met with Finance Minister Guido Mantega on Tuesday afternoon. The unusual detail is that the meeting was not scheduled, indicating urgency and an emergency nature, leading the market to speculate about the reason for the meeting: new measures to stimulate the economy or control inflation, or changes at the Ministry of Finance?
The meeting, scheduled for 17 PM at the Palácio do Planalto (Presidential Palace), was announced by the Ministry of Finance minutes before 17 PM. The minister commented last week on the speculation about his departure from the Ministry of Finance. "It's gossip, just rumors about my leaving," he said.
When questioned by parliamentarians on the matter, he added: "If we're going to listen to gossip, [imagine] how much gossip we've heard about members of parliament leaving [without citing specific situations]."
At the time, Mantega commented that "it is irresponsible" to spread news about the departure or dismissal of members of the economic team at a time when the FED, the US central bank, was adopting procedures that generate turbulence in the world economy.read more).