Henrique Meirelles suggests that Lula reconcile with BC – 02/07/2023 – Panel SA

Henrique Meirelles, who headed the Central Bank during Lula’s previous administrations, does not make an optimistic forecast for the crisis that has intensified in recent days between the president and the monetary authority.

By the unfolding of the PT’s speeches, he says he has the impression that there will be no retreat in the conflict.
Asked if he had any advice for Lula at this point, Meirelles suggests a conciliatory speech.

“My recommendation is that he say that the fiscal adjustment measures will be implemented at the same time as the social measures”, says Meirelles.

He suggests reiterating that the measures proposed and announced by the economic team will be put into practice. “So that, with that, lower inflation expectations, allow the Central Bank to lower interest rates and, as a result, the country grows more”, he says.

In his recent approaches to the Central Bank, Lula has quoted Henrique Meirelles. The petista states that, in his previous governments, Meirelles was no less independent than Roberto Campos Neto is today.

Joana Cunha with Paulo Ricardo Martins It is Diego Felix

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