President of the PT says that speculators favor the worst-case scenario in favor of the BC president’s “terrorism”
The national president of the PT, deputy (PR), criticized this Tuesday (10.dec.2024) on X (formerly Twitter) the “economic terrorism” by Roberto Campos Neto, president of the BC (Central Bank). Gleisi stated that Campos Neto uses exaggerated tactics to justify maintaining high interest rates in the country, which he considers “indecent”.
“Everyone knows that higher interest rates, at this moment, will only put pressure on public debt and compromise economic activity, but speculators and their spokespeople don’t care about the country”declared Gleisi in a publication on X.
The congresswoman states that Brazil is in a favorable economic scenario, with GDP (Gross Domestic Product) growth above forecasts, increased employment and income, rising revenue and inflation within target limits.
Gleisi’s speech reflects recurring criticism from government officials regarding the high interest rates maintained by the Central Bank during Campos Neto’s administration.
The federal deputy (PT-RJ), who is dating Gleisi, also criticized the “‘terrorism” made by the market. “Brazil grows, reduces poverty and creates jobs. The market carries out terrorism and sabotages with the dollar and increased inflation. The account doesn’t close!”he declared.
Lindbergh even called Campos Neto a saboteur. For him, the eventual increase in the Selic means a hole of almost R$40 billion in public accounts.
A taxa Selic, basic interest rate of the Brazilian economy, it is at 11.25% and has been the subject of debates about its impact on economic growth and public debt.
The Copom meeting takes place this 3ª fair (10.dec) and 4ª fair (11.dec). Analysts expect a further reduction in the basic interest rate. The change of command at the Central Bank, scheduled for 2024, is seen as an opportunity to reevaluate the country’s monetary policy.
Economist Gabriel Galípolo will be the new president of the BC from January 1, 2025.
