The president of the Central Bank, Roberto Campos Neto, reinforced that financial education is a strategic issue on the monetary authority’s agenda to promote the financial democratization of the Brazilian population through lower interest rates, better services and the participation of all Brazilians in the market. The speech took place during his speech at the opening of the 8th Financial Education Week (ENEF).
Campos Neto also stated that financial education helps citizens to make more informed decisions and that customers are the “engine of change in the financial system”. For him, access to education makes consumers more and more demanding, which, in turn, favors competition in the country, as customers will be more able to compare rates and quality of services offered.
“People’s decision to save for their future, to take credit in a planned way to open a small business, buy their own home, or even to acquire that desired good is essential for the financial system to achieve one of its most important goals, which is that of supporting the country’s national and economic development in a sustainable manner”, he defended.
“For BC, the tripod, conscious planning, savings and credit. What was already known as PLA-PO-CRE is a tool not only to increase the financial health of Brazilians, but also a fundamental factor for the evolution of the financial system itself”, he added.
Reference: CNN Brasil
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