Central Bank needs to decide “whether Brazil will grow”, says Minister of Agriculture

The Minister of Agriculture, Carlos Fávaro, criticized this Monday (26) the maintenance of the basic interest rate at 13.75% per year by the Central Bank. Despite pressure from the Lula government, the Monetary Policy Committee (Copom) decided to maintain the Selic rate. last week.

“The Central Bank needs to take the attitude of deciding whether Brazil will grow or not,” said the minister. He participated in a meeting at the Ministry of Finance about the Crop Plan, reported the g1 portal.

The ministers of Finance, Fernando Haddad, of Agrarian Development, Paulo Teixeira, of the Environment, Marina Silva, and deputies of the Parliamentary Front for Agriculture (FPA) also participated in the meeting.

This Tuesday (27), the Crop Plan 2023/2024 will be announced in a ceremony at the Planalto Palace. The Minister of Agriculture has already signaled that the initiative should exceed R$ 400 billion.