Government leader in the Chamber: Reducing interest rates is a small step forward, but insufficient

Government leader in the Chamber: Reducing interest rates is a small step forward, but insufficient

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The government leader in the Chamber of Deputies, José Guimarães (PT-CE), criticized the decision by the Monetary Policy Committee (Copom) to cut the Selic rate by 0.25 percentage points, a measure he considers insufficient. The statement was published on the social network X, this Wednesday, 18.

“The Monetary Policy Committee (Copom) announced the reduction of the basic interest rate, the Selic, from 15% to 14.75% per year. It is a small advance, but still insufficient given the country’s challenges”, he wrote.

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Guimarães added: “Rates remain very high, holding back investments, making credit difficult and limiting economic growth. It is essential to advance further, with consistent reductions, to stimulate development, generate jobs and boost the Brazilian economy.”

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The PT leader in the Chamber, deputy Pedro Uczai (SC), also rejected the decision and classified it as timid. “A shame! While President Lula’s government works to generate jobs, expand credit and strengthen income, the Central Bank of Brazil insists on maintaining one of the highest interest rates in the world”, he posted.

Source: InfoMoney