Resolution of the PT National Directory approved this Friday, 6th, in Salvador, says that it is time to reduce the basic interest rate, “which remains at a restrictive level and incompatible with the needs of national development”. The resolution was released this Saturday, 7th, amid events celebrating the party’s 46th anniversary, in Bahia.
“The monetary policy conducted by the Central Bank, whose autonomy was established during the Bolsonaro government, has operated as an instrument to block the project elected at the polls, deepening the financialization of the economy, draining public resources and restricting productive investment”, says the text, as advanced by Estadão.
Selic is at 15.00% per year and, at the January meeting of the Central Bank’s Monetary Policy Committee (Copom), a reduction was signaled at the next meeting, in March. The president of the Central Bank, Gabriel Galípolo – appointed to the position by President Luiz Inácio Lula da Silva – has been heavily criticized by PT members for not acting to lower interest rates.
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The party also defends a review of the inflation target of 3%, “making it compatible with economic growth and the creation of quality jobs”. Last year, inflation was 4.26%, below the tolerance range ceiling of 4.5%.
