After Selic rate announcement, PT president says Central Bank maintains ‘genocidal interest’

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Copom maintained the basic interest rate at 13.75% per annum, the same level since August last year. The deputy has repeatedly criticized the Central Bank’s policy. The president of the PT, deputy Gleisi Hoffmann (PR), criticized on Twitter the interest rates maintained by the Central Bank, classifying them as “genocidal.” “How much has Campos Neto’s economic denialism already cost the country? How many jobs, bankrupt companies, destroyed families? The vaccine has always been within Copom’s reach, but they insist on genocidal interest. How long will they go unpunished?” Initial plugin text After a meeting of the Monetary Policy Committee (Copom), the BC decided to maintain this Wednesday (3) the Selic rate at 13.75% per annum – a level maintained since August last year. The deputy often protests against the actions of the Central Bank. In March, for example, she attributed the slowdown in the economy to “the repeated hikes in interest rates by the Central Bank”. President Luiz Inácio Lula da Silva (PT) and ministers of the current government have also been persistently criticizing Roberto Campos Netto’s management in BC.

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