WASHINGTON (Reuters) — G20 finance ministers and central bank governors are adjusting to expectations for a later start to U.S. interest rate cuts, which has caused a worldwide asset repricing and increased the urgency for debates on debt, Brazil’s finance leaders said on Thursday.

Finance Minister Fernando Haddad told a press conference after a Group of 20 finance leaders meeting in Washington that the shift in expectations following higher-than-expected March inflation readings in the U.S. has subdued sentiment about various economic variables, including a global repricing of assets.