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BTG Pactual's Esteves calls Brazil's tax-exempt volume 'absurd', urges fiscal balance
Valor Econômico·BR·about 12 hours ago
BTG Pactual Chairman Esteves projects Brazil's presidential runoff as a near tie, with a slight edge for the right, while advocating fiscal adjustment to cut interest rates from 14% to 7%. The forecast signals market uncertainty over the election outcome, with fiscal policy as a key driver for rates.