The Minister of Finance, Fernando Haddad, said this Tuesday (28) that the decision to increase federal taxes on fuel is in line with the Copom minutes, which, according to him, saw in the measure a condition for reducing interest rates. . The director of the folder said he hoped that the monetary authority would react as expected.
“We are giving a response to the productive sector that the government will do its part, hoping that the monetary policy will react as foreseen in the minutes”, he said in a press conference.
In the wake of widespread criticism by the federal government against the Selic hike, Haddad stated that interest rates in Brazil are producing many harms for the economy. He reinforced that the entire country is united around the cause of reducing interest rates.
“Brazil’s interest rates are the highest in the world, producing perverse effects on the economy,” said Haddad, citing the credit crisis and economic growth difficulties in the near future.
Source: CNN Brasil
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