“I say it every day: there is no explanation for any human being on planet Earth for Brazil’s interest rate to be at 13.75%. There is no explanation”expressed forcefully the president during this day.
On Wednesday, the Central Bank of Brazil kept the Selic rate at 13.75% for the fifth time in a rowby highlighting the rising inflation expectations, without giving indications of a possible monetary easing in the future.
“I, as President of the Republic, cannot continue discussing each Copom report. I cannot. Let them pay the price for what they are doing,” Lula told reporters after an event in the Brazilian state of Rio de Janeiro.
“History will judge each one of us”broad.
The president also pointed out that Brazil needs to create jobs and that he finds no reasons for the current level of interest rates in the country. For its part, the unemployment rate in Brazil rose to 8.4% in the quarter ending in January.
According to data from the Continuous National Household Sample Survey (Continua PNAD), the unemployment rate rose to 8.4% in the moving quarter ending in January. The result was higher than that observed in the previous moving quarter, ended in October (+8.3%) and in the December quarter (+7.9%). He was also above the rank of former
Source: Ambito
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