Lula says he will go to the Senate to discuss “interest rates, inflation and growth” with Campos Neto, the head of the central bank

Sputnik – Tensions have been running high between President Luiz Inacio Lula da Silva and the head of the Central Bank, Roberto Campos Neto, since the beginning of the PT’s term.

The necessary meeting between the federal government and the central bank will not be a simple dialogue. In the coming weeks, the president of the Senate, Rodrigo Pacheco, will promote a public event in the Chamber of Deputies to discuss the issue with Campos Neto, and according to Vega magazine, Lula’s eyes “should have lighted up” when he heard about the event.

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The president was quoted by the media as saying, “I’m going. I think it’s important to be in the Senate that day.”

Follow up on recommendations

The representative told Pacheco that he would go to the plenum to discuss with the central bank chief “interest rates, inflation and economic growth.” In the same conversation with Pacheco, government ministers, and Senate leaders, Lula asked for commitment in the fight for lower interest rates.

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The federal government and central bank are fighting over Brazil’s key interest rate, which currently stands at 13.75%, the highest rate in the world, according to G1.

In a decision taken last week, the financial institution independent of the government decided to keep the rate, again targeting criticism from the executive branch and the Ministry of Finance.

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