We started the week with Brazilian politics looking towards Petrobras. Will Caio Paes de Andrade finally be able to assume the presidency of the company? Everything indicates that this should happen this Monday, even if it is on an interim basis, and not in the correct way, following all the procedures and deadlines.
Another highlight of the day is a package of pre-election kindnesses, whose opinion must be presented later today by Senator Fernando Bezerra (MDB-PE). By the latest version of the proposals, the central objective has changed to direct income transfers instead of exempting gasoline for those who do not need it.
The focus on benefits can, yes, alleviate the most vulnerable, but it does not address the source of the problem: high inflation. To control inflation, the Copom will raise interest rates further and leave the rate close to 14% for a long time.
Outside, international leaders are facing a disturbance that we know well here: the inflationary mentality, which is when people start to protect themselves from the currency, from rising prices, demanding wage increases and creating a much more difficult inflationary inertia. to revert.
That analysis is in an alarming report by the BIS, the central bank of central banks, indicating that the world is on the divide that separates the era of inflation and low interest rates into the opposite. A combination that can compromise growth and provoke crises.
It is in this scenario that Brazil is inserted, even if we insist on taking care only of what will happen in October in the elections.
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*Posted by Ligia Tuon
Source: CNN Brasil
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