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January 31, 2025
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Lula: President of BC cannot give a horse on a revolt sea

Lula: President of BC cannot give a horse on a revolt sea

President Luiz Inacio Lula da Silva said on Thursday (30) that he was not surprised by the decision of the Monetary Policy Committee (Copom), now under the presidency of Gabriel Galipolo, had the hitherto recorded rhythm of interest. , raising the rate at a percentage point.Lula: President of BC cannot give a horse on a revolt sea

“A person who already has the experience of dealing with the Central Bank, as I have, is aware that, in a country with the size of Brazil, with the responsibility of Brazil, the president of the Central Bank cannot give a horse In the angry sea, he knows, suddenly, ”he said in conversation with journalists.

“The need for interest rates by the other president was practically demarcated [do Banco Central, Roberto Campos Neto]. The galipole did what he understood that he should do. We are aware that we need patience, ”added Lula.

During the press conference, the president said he had “100% confidence” in the work of the new president of the Central Bank. “And I’m sure he will create the conditions to deliver to the Brazilian people a lower interest rate, at the time when the policy allows him to do,” he said.

“We, as a government, have to fulfill our part. Society fulfills her part and fellow Galipole fulfills the function he has, which is to coordinate the Brazilian monetary policy and to deliver to us, as far as possible, the lowest inflation and the lowest possible interest. This is what will happen. I already expected this, it’s no surprise to me. ”

Autonomy

Lula also said that in his government the president of the Central Bank will have “real autonomy.” “THE [ex-presidente do Banco Central Henrique] Meirelles has had for eight years. It was not one day, it was eight years, ”he recalled, referring to the period when Meirelles took over monetary policy between 2003 and 2011.

According to the president, the message given by Galipolo was: “’You will have autonomy. Do whatever you need to do. What I want you to know is that the people and Brazil expect the interest rate to be, as far as possible, controlled. ‘ So that we can have more investment and more sustainable development, generate more jobs and generate more wealth distribution in this country. ”

“I didn’t expect a miracle. I expected things to happen the way he [Galípolo] It understood that they must happen, ”concluded Lula.

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