The Economic Affairs Commission (CAE) will vote on Tuesday on invitations to the president of the Central Bank, Roberto Campos Neto, to explain the high level of the base interest rate, and to the Americanas board of directors to clarify the gap in the company’s accounts, according to the Senate Agency.
With the Selic at 13.75% annually, the central bank’s conduct of monetary policy has come under criticism from the government, especially from President Luiz Inácio Lula da Silva. The president also treated the formal independence of autarky as “nonsense”.
In the explanatory statement of the request, the president of the EWC and author of the request, Vanderlan Cardoso, underlines that the high base interest rate has generated controversy in the economic sphere on the maintenance of this index as the main tool to contain inflation, according to the Agency of the Senate.
Another requirement on the agenda of CAE’s first deliberative meeting is an invitation to the Americanas board of directors to clarify the gap in the company’s accounts.
Americanas disclosed accounting mismatches of at least 20 billion reais earlier this year, which prompted the company to file for judicial recovery under the weight of more than 40 billion reais of debt.
According to the author of the question, Senator Otto Alencar (PSD-BA), the accounting method practiced by Americanas has led the financial market to question whether other companies also repeat this practice.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
