By Eduardo Simões
SAO PAULO (Reuters) – President Jair Bolsonaro called the financial market “nervous” again on Wednesday, when asked about investors’ reactions to the government’s decision to tweak the spending ceiling to open fiscal space for a program Social.
In an interview with Jovem Pan’s Panic program, Bolsonaro also said that “any little thing” is enough for market agents to raise interest rates in the long term.
“The market is a little nervous. A little nervous. Any business increases the interest rate in the long term, lost more than 50 billion reais. That’s how it happens,” the president told the program.
The Central Bank’s Monetary Policy Committee (Copom) defines this Wednesday the new basic interest rate for the Brazilian economy, with market expectations of a rise of more than 1 percentage point over the current level of 6.25% per year.
Bolsonaro interrupted his interview when he was repeatedly questioned by comedian André Marinho, son of businessman Paulo Marinho, a former ally and currently disaffected by the president, about indirect accusations against the president’s eldest son, senator Flávio Bolsonaro (Patriota-RJ), of misuse salary of advisors when he was state deputy in Rio.
“Marinho, I won’t accept your provocation. Your father is the main person interested in Flávio Bolsonaro’s chair. He doesn’t have any more conversations with you,” Bolsonaro replied. Paulo Marinho is Flávio’s substitute.
When the comedian insisted on the question and accused the president of only accepting “toady” questions, members of the show began to argue and Bolsonaro ended up interrupting the interview.
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