Treasury Direct reaches sales of R$ 3.293 billion in December

Entities in the products sector criticize the increase in the Selic rate

The increase in the Selic rate (basic interest rates in the economy) to 13.25% per year was received with criticism by the productive sector. For industry entities, the wrong decision will harm the recovery of the economy. Entities in the products sector criticize the increase in the Selic rate

In a note, the National Confederation of Industry (CNI) reported that the Selic rate is at a level that inhibits economic activity. For the entity, the increases made this year are reflected in a high real rate (interest minus inflation), at a time when inflation begins to decelerate.

“This additional interest rate increase is currently unnecessary to control inflation and will bring additional costs to the economy, such as a drop in consumption, production and employment,” said CNI president Robson Braga de Andrade in a note.

For the confederation, the National Consumer Price Index (IPCA) for May showed that the prices of industrial goods began to decelerate and will continue to do so in the second half of the year, still reflecting previous interest rate increases. The entity also highlighted that international prices of agricultural goods and energy show stability, after the incorporation of the shock caused by the conflict in Ukraine.

Firjan

In a note, the Federation of Industries of Rio de Janeiro (Firjan) considers that the Selic cannot be the only instrument to circumvent the generalized picture of price increases that plague the Brazilian economy. “The Covid-19 pandemic and later the war in Ukraine highlighted structural problems around the world. The Brazilian productive sector still lives with the effects of rising production costs and the population suffers from the deterioration of income”.

The entity’s note says that the continuation of the cycle of interest rate hikes, albeit to a lesser extent, is doubly undesirable. “First, because it sacrifices even more economic activity, which is already showing clear signs of weakness. Second, because it adds a warning factor in the fiscal sphere by raising the cost of public sector indebtedness”, he evaluated.

Firjan also informed that other measures are being sought that could lead to a persistent drop in inflation and a sustainable resumption of growth. “It is necessary to maintain fiscal responsibility and preserve the basic needs of the population. The federation reaffirms that, faced with a scenario of high uncertainty, a more moderate monetary policy is essential and that meets the country’s economic growth challenges”, he highlighted.

The Monetary Policy Committee (Copom) decided today (15) to raise the Selic rate, the basic interest rate for the economy, from 12.75% to 13.25% per year. After two consecutive increases of 1 percentage point, the rate was raised by 0.5 point.

Source link

Previous Story

Truckers’ unions and the Government establish work tables after a meeting in La Moneda: CNTC says they expect a State of Exception “without fine print”

Next Story

Dollar today: how much is the foreign currency trading for this Thursday, June 16

Latest from Brasil

x vidio porn-tube-box.com wap in sex vedio indian forced porn videos thefuckingtube.com karva kannada movie افشخني hardsextubevid.com ماندي ماوس x video pune anal-porn-tube.net pakistani pussy photo epekto ng gadgets sa kalusugan watchteleserye.com cherry pie picache husband
سكس خىانة x-arab.com maya diab porn dr bug hentai tag hentaimol.com manga futa on male fuke vedios waplo.info fuckmyindia sex blue video pornichka.com velamma savita hd عايزه تتناك porncomicsfantasy.com سكس مدارس مصري
xx sex vedio stepsisterporntrends.com lokal sexy video sexy videos of students firetube.mobi xvideod lotto result today live 9pm teleseryehd.net wowowin live today 2021 today indian sex telugu pornlike.mobi hotporntubes sexy jill 2beeg.me local sex porn