Haddad says BC team is “high competence”, which does not prevent errors

by Andrea
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The Minister of Finance, Fernando HaddadHe said that the Central Bank is made up of people of “high competence”, which does not prevent them from making mistakes. “There is no such fantasy to imagine why the BC is autonomous he doesn’t make a mistake. The Central Bank can make mistakes, the farm can make mistakes, the market can make a mistake. This is the story, ”said Haddad, in an interview with the RedeTV! On Thursday (30).

The minister also said that it is necessary “humility” and “honesty” to avoid errors and for the discussion about the economy to have less influence from ideologies and is more adherent to the facts.

Debt

Haddad also stated that to combat the high level of household indebtedness, the issue of interest rates practiced by banks must be resolved. With a 5% annual inflation, institutions even charge 5% per month of interest. “No one gets [pagar as dívidas]”Said Haddad.

Haddad says BC team is “high competence”, which does not prevent errors

Programs created by the government, as unfolds, help to address the problem, but the rise of the basic interest rate generates concern, according to Haddad. “The increase in the Selic rate does not need to reach the consumer. If we have devices to make the final interest rate fall, Selic can rise and the spread It may fall offering the increase in Selic, ”said the minister. “Because families already have a debt, we want to make them migrate from a debt with high interest rates to a debt with low interest rates.”

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