Minister says government does not discuss changing BC autonomy and denies pressure against Campos Neto

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According to Alexandre Padilha, from the political articulation, the government wants to discuss the reduction of the interest rate, currently at 13.75%. Lula has been attacking the body’s autonomy in recent weeks. Minister of Institutional Relations, Alexandre Padilha Beatriz Borges/g1 The Minister of the Institutional Relations Secretariat, the department responsible for the political articulation of the Executive, said this Wednesday (8) that there is, in the federal government, “no discussion” to change the law that granted autonomy to the Central Bank. BC independence was established by law in 2021. The norm was approved by Congress and sanctioned by then President Jair Bolsonaro. The text establishes a four-year mandate for the president of the BC and aims to shield the body from party-political pressure. “There is no discussion within the government of changing the current Central Bank law, any discussion of changing the autonomy that is established in the Central Bank law,” said the minister. Padilha also denied that the government is putting pressure on the Senate anticipate the end of Roberto Campos Neto’s mandate at the head of the institution. His period ends at the end of 2024. With the independence of the Central Bank approved by Congress, the President of the Republic cannot remove Campos Neto from office. Lula has criticized the BC’s actions, mainly in relation to the setting and maintenance of the interest rate at 13.75% by the Monetary Policy Committee (Copom). “. Meeting with parliamentarians Alexandre Padilha said that interest rate policy was one of the topics addressed by parliamentarians during coffee with Lula this Wednesday. that Campos Neto be summoned by Congress to clarify the country’s interest rate policy. Interest rate reduction Padilha defended a debate on interest rate policy in the country, which has been criticized by President Luiz Inácio Lula da Silva (PT). For Lula, the country will find it difficult to grow with the current basic interest rate (Selic).

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