According to PT, the Central Bank president was “stubborn” in keeping Selic high and contributed to retarding the country’s economic growth
BRASILIA – The president Luiz Inácio Lula da Silva said on Monday the 11th that it is possible for public banks to lower rates interest rates of their financing to force other market operators to also reduce them. The statement was made in an interview with SBT.
He spoke on the topic after once again criticizing the president of Central bank, Roberto Campos Neto, due to the interest rate. A Selic it is currently at 11.25% per annum.
Lula said there is nothing more than Campos Neto’s “stubbornness” to keep interest rates at this level. The president once again called the head of the monetary authority “this citizen” and said that he contributes to the lagging economic growth of the country.
Even the President of the Republic stated that it is too early to talk about a possible re-election. His mandate will last until the end of 2026, the year of the next presidential elections.
Energy price
Lula also said in the interview that his government needs to lower tariffs power for ordinary consumers. He also stated that a reduction in food prices is necessary.
The president said he was in favor of the regulation of social networks, which will have to be discussed with the company.
The interview, broadcast on Monday evening, was recorded in the morning.
Source: Terra
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