Haddad says that falling interest rates will facilitate sustainable growth and that optimism in the economy will increase

[ad_1]

Minister of Finance commented on the decision of the Central Bank to make the first cut in the Selic in 3 years. Haddad also said that the drop in interest rates is “the result of dialogue” between the government and BC. The Minister of Finance, Fernando Haddad, commented this Wednesday (2nd) on the drop in the Selic rate, from 13.75% a year to 13.25%. Haddad said the cut will facilitate sustainable growth. This was the first interest rate cut in three years. The last drop had taken place in August 2020, in the midst of the most acute phase of the Covid-19 pandemic, when the Selic rate fell from 2.5% to 2% per year. In the communiqué released after the meeting, the committee argued that the improvement in the inflation scenario made it possible to reduce the Selic rate. “There will be more optimism. Investors, the whole world will look at Brazil with more optimism,” said Haddad. The minister also stated that the drop in the basic interest rate was “the result of a lot of dialogue”. He referred to the relationship between the Treasury and the Central Bank. Since the beginning of the year, the government has been criticizing the BC for keeping the rate at 13.75%.

[ad_2]

Source link