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BC counters Lula’s criticism with diplomacy; Americans go into bankruptcy

It was with diplomacy and institutionality that the president of the Central Bank (BC), Roberto Campos Neto, responded to the provocations of President Luiz Inácio Lula da Silva (PT) about the independence of the autarchy and the level of the inflation target.

Without ceasing to be categorical, he said: “The BC’s independence was approved by Congress and endorsed by the STF.”

After lighting the fire inside the house, the minister in charge of Institutional Relations, Alexandre Padilha (PT), appeared like a firefighter on social networks and said: “There is no predisposition on the part of the government to make any changes in the relationship with the Central bank.”

Lula can get excited with speeches and spend political capital for nothing, but he doesn’t throw words, or ideas, away. He can, yes, change the route of monetary policy by increasing the inflation target, even as former president Dilma Rousseff did.

It’s hard to believe, though, that the president doesn’t understand that he’s breaking the thermometer just because he doesn’t like the temperature it reads.

In response, Campos Neto signaled that the independent Central Bank will continue to seek currency stability through a realistic diagnosis, even in a more volatile environment.

In this Friday’s episode (20), CNN Money still turns to the scandal of Americanas, which had the request for judicial recovery approved the day before, and the general strike in France against the pension reform, suggested by President Emmanuel Macron.

Presented by Thais Heredia, the CNN Money it presents a balance of the news subjects that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.

*Posted by Tamara Nassif

Source: CNN Brasil

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