05/08/2024 – 23:51
Vice-president Geraldo Alckmin (PSB) stated on the night of this Wednesday, 8th, that the pace of cuts in the basic interest rate, the Selic, “needs to be greater, without hesitation”. Earlier, the Central Bank’s Monetary Policy Committee (Copom) announced a 0.25 percentage point reduction in the rate, to 10.50% per year, after six consecutive cuts of 0.50 points.
In a post on the social network X, Alckmin said that the government of President Luiz Inácio Lula da Silva (PT) “is doing its homework in every way: negotiating reforms; reconstructing social policies; and stimulating productive investment”. The high rates of
Interest rates, however, “are a brake on the country’s development, because they discourage consumption and
investment, in addition to increasing public debt”, according to the vice-president.
“The 0.25 pp reduction in the Selic is an important sign of confidence in the government, but the pace of
The drop needs to be greater, without hesitation. Brazil needs to return to monetary normality, with
interest rates consistent with the country’s needs and the government’s responsibility,” he wrote
Alckmin in X.
#Alckmin #pace #interest #rate #drops #greater #hesitation