Finance Minister Fernando Haddad said on Wednesday that the Brazilian economy will not be able to handle the highest interest rate in the world and said the central bank must “do its part”.
In an interview with UOL news portal, Haddad repeated comments from the day before that the government’s decision to increase the cost of gasoline and ethanol meets the conditions for the start of the reduction of the Selic tariff, currently 13.75% annually – – the highest among major economies in nominal terms.
Source: Terra
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