After the Copom’s decision to raise the basic interest rate at a percentage point, Luiz Marinho stated that inflation control should not be limited to credit restriction, but also to include stimuli to production
Last Thursday (30), the Minister of Labor, again expressed his dissatisfaction with the recent decision of the To raise the basic interest rate, Selic, at a percentage point, reaching 13.25%. In his statements, Marinho argued that inflation control should not be limited to credit restriction, but also include stimuli to production. He believes that the Brazilian economy is in a healthy position and that the financial market is exaggerating by pressuring interest rates.
Marinho pointed out that salaries in Brazil are still low and that there is room for growth without pressuring inflation. He warned that Selic discharge can have negative effects on investments and long -term public budget. One of the sectors that may be most affected is that of construction, which, according to him, can feel the impacts of this policy by 2026. During a press conference of the General Register of Employees and Unemployed (CAGED), the minister mentioned that the market From work closed 500,000 posts in December, in part due to the high interest rates.
The minister emphasized that the fight against inflation should not be based solely on credit restriction and interest rates, but also on stimulating production. He asked the Central Bank to reassess its strategy to prevent damage to the economy. Marinho stressed the importance of considering international impacts, but also of observing the opportunities of the Brazilian economy, maintaining employability and wage growth. Finally, Luiz Marinho highlighted the need for a balance between monetary policies and labor market needs.
*With information from Aline Beckety
*Report produced with the aid of AI
