The Limited Times

Now you can see non-English news...

In Brazil, Lula's fight against record interest rates

2023-04-28T15:43:43.611Z


DECRYPTION - The president, who wants to revive growth at all costs, regularly criticizes the policy of the Central Bank.


Rio de Janeiro

Traveling to Portugal this week, Luiz Inacio Lula da Silva resumed his attacks on his favorite target, the Central Bank, which maintains the highest real interest rates (excluding inflation) in the world.

A crucial battle for the Brazilian president, who wants at all costs to revive sluggish growth to eradicate hunger and reindustrialize the leading economic power in Latin America.

Throughout last year's election campaign, the 77-year-old candidate promised that, if elected, every Brazilian could put a good barbecued steak back on their table, reviving memories of years of - relative - prosperity during his first two terms of office (2003-2010), driven by Chinese appetite for Brazilian minerals and soybeans.

But after four years of Jair Bolsonaro's government and a Covid pandemic, how to eliminate hunger, invest in health, education, protection of the Amazon, infrastructure, in short, restore the country...

This article is for subscribers only.

You have 81% left to discover.

Want to read more?

Unlock all items immediately.

TEST FOR €0.99

Already subscribed?

Login

Source: lefigaro

All news articles on 2023-04-28

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.