banks ask Lula to fight inflation and fiscal measures

banks ask Lula to fight inflation and fiscal measures

“The banking sector, which traditionally positions itself with guidelines oriented in favor of the country’s development, is available to collaborate with the new government,” said the statement signed by the entity’s head, Isaac Sidney.

In his first speech after being elected, Lula promised on Sunday night to govern with “predictability” to attract investment.

The São Paulo Stock Exchange rose 1.67% to 116,456 points today at 11 local hours, when the dollar fell 0.70% sold at 5.26 reais and the euro fell 1.77% quoted at 5.18 reais. “Lula must put an end to the suspense over fiscal policy this week” before a market that awaits answers, observed the daily Valor Economico.

During the campaign, then-candidate Lula, of the Workers’ Party, left, did not accept the suggestions of some members of his coalition to advance the name of who will be his future economy minister.

According to reports, the current “super” Ministry of Economy will be dismantled and transformed into a Ministry of Finance and another that could be Planning.

Source: Ambito

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