Febraban asks President Bolsonaro for stability and reduction of uncertainties

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Bankers asked President Jair Bolsonaro (PL) for stability and reduction of uncertainties at the lunch held this Monday in the capital of São Paulo. The event, organized by the Brazilian Federation of Banks (Febraban), also helped the sector to counter accusations that it earns from high interest rates.

After Febraban’s formal support for the document in defense of democracy that will be read this week, the entity’s president, Isaac Sidney, made a speech in a mild and constructive tone to President Bolsonaro. According to reports by those present, the financial sector took advantage of the event to reaffirm the economic agenda, which defends stability and predictability.

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“We do not want rules and regulations favorable to the sector. What we want is greater predictability with a horizon that mitigates uncertainties and increases confidence”, said the president of Febraban, according to a report by those present. At the event, Bolsonaro’s speech was broadcast on social media, but the president did not detail proposals or the economic agenda for a possible second term.

To the President of the Republic, Isaac Sidney argued that the sector works with “a perspective of collaboration with all authorities” and recalled that the entity will talk to all presidential candidates. In the coming days, former president Luiz Inácio Lula da Silva should be received at an event of the same nature.

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In a tone of response to criticism of the sector, the representative of Febraban also said that there is a misperception that banks like high interest rates because “they would profit more”.

“What the banks want is a healthy economy, with low and stable inflation, which allows for cheaper interest rates”, he said, defending the agenda of structural improvement in the credit market with an increase in guarantees in financing.

At the end of July, the Civil House Minister, Ciro Nogueira, said that bankers would be against President Bolsonaro because banks lost billions of reais after the adoption of Pix by the Central Bank.

Source: CNN Brasil

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