Lula again criticizes interest rates and cites debt
Photo by Ricardo Stackert/PR via Flickr president Lula complained again prime rate (Selich) in a new phase of criticism central bank. “There is no historical explanation that we have the highest interest rate in the world, 13.75%, when inflation is only 4.7% for 12 months. Why so much interest? Who wins?”– he announced. The announcement was made on Tuesday evening (6) during a speech at the Polo Automotivo Stellantis in Goiana, Pernambuco. For Lula, interest increases debt. “We have 72 million Brazilians who depend on Serasa”he concluded.
Read More