Lula's pressure on the Central Bank is already having an effect, and the president is expected to continue the offensive, according to the Planalto Palace.
However, the government has no plans to review the Central Bank's autonomy. The assessment is that it would not be possible to obtain enough votes in Congress to reverse the situation.
247 - President Lula's (PT) criticism of the Central Bank (BC) president, Roberto Campos Neto, regarding the country's excessively high interest rates – currently at 13,75% per year – has already begun to have an effect. According to the Planalto Palace and the PT, the minutes of the Monetary Policy Committee (Copom) meeting It reflects that.
In it, the Central Bank gave a positive assessment of the economic package presented by Lula's team on January 12. The implementation of the measures, which promise a fiscal improvement of R$ 242,7 billion, could reduce inflationary pressure, says the Central Bank.
>>> "Central Bank independence is a farce and Campos Neto is an infiltrator," says Guilherme Boulos.
The minutes, according to government members, were better than the statement released immediately after the Copom meeting. The Finance Minister, Fernando Haddad, for example, stated that the minutes were "more amicable"..
Allies advise President Lula to continue pressuring the Central Bank and criticizing the high interest rates.
However, the federal government has no plans to review the Central Bank's autonomy. The Presidential Palace believes it would not have enough votes in the National Congress to reverse the situation.
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