Campos Neto says he has difficulty communicating – 06/04/2023 – Panel SA

In an event with businessmen this week, the president of the Central Bank, Roberto Campos Neto, returned to speak of the current noise in the debate on interest rates in Brazil. He said that he has difficulties in communication and that he tries to improve.

“Sometimes I find myself with some deficiency in communication. The other day, I was even talking to Fábio about how we can improve communication. Fábio, when he was in government, taught me a lot about this subject”, stated Campos Neto in the meeting of the group of entrepreneurs Esfera Brasil, on Wednesday (5).

In the audience at the event was Fábio Faria, who was Bolsonaro’s Minister of Communications. He now works in BTG Pactual’s institutional relations.

Roberto Campos Neto also said that there was an effort to reduce the noise.

“We are trying to improve communication. I think it might be important to make more visits and go to other places. The directors too. We have a very good group of people who can explain, “said the BC president.

He also said he was trying to communicate that the cost of fighting inflation is high, but the cost of not fighting it is even greater.

“We need to explain to people that our job is not to want high interest rates. And these false narratives, for example, that high interest rates benefit the rentier. Who is the country’s rentier? They are the 48 million people who do they have a pension fund? Are they the 6 million people who invest in the Stock Exchange? Are they all those who believed in and financed the government? We have to say that, in the end, there is no need to look for beneficiaries or culprits. We need to look for a better system”, stated.

This Thursday (6), President Lula returned to criticize the interest rate policy and mentioned the possibility of changing the inflation target, but added that he does not intend to fight with the head of the Central Bank.

Joana Cunha with Paulo Ricardo Martins It is Diego Felix

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