The Trade Federation of the State of Rio de Janeiro (Fecomércio-RJ) Requested That the Central Bank Be More Flexible With Interest Rates, as They Are Being Considered "Unfeasible"

The Trade Federation of the State of Rio de Janeiro (Fecomércio-RJ) Requested That the Central Bank Be More Flexible With Interest Rates, as They Are Being Considered “Unfeasible”

Written by Bruno Teles

Published on 09/02/2023 at 17:22

Fecomércio-RJ – Banco Central (Foto/divulgação)

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The Commerce Federation of Goods, Services and Tourism of the State of Rio de Janeiro Released a Statement Today Defending That the Central Bank Take a More Flexible Stance Regarding the Inflation Target, in Order to Allow for a Reduction in the Basic Interest Rate, the Selic.

This Statement Came Amid the Lula’s Offensive Against the Central Bank, in Which He Criticized the Current Level of Interest Rates in the Country. It Is Necessary to Discuss the Independence of the Central Bank to Review the Inflation Target and the Interest Rate, Which, Due to Numerous Existing Technical Evidence, Have Been More Detrimental to Economic Performance Than a Mechanism to Combat Inflation.

According to the Document Signed by the President of Fecomércio RJ, Antonio Florencio de Queiroz Junior, Theory Suggests That a Low Inflation Target Can Represent Institutional Advances. However, In Practice, This Target Has Not Been Consistent With the Performance of the Brazilian and World Economies. Thus, It Is Possible to State That the Current Inflation Standard Is Out of Step With the Economic Reality of the Countries.

The Central Bank Has Applied Considerably High Rates, Which Is Not Ideal to Achieve Its Objectives. Given This, It Is Important to Discuss the Flexibility of the Targets, So That It Is Possible to Reduce Rates Within the Limits of the Current Economic Reality, As Advocated by Fecomércio RJ.

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Guilherme Boulos Declared That There Is No Consensus in the Government’s Base to Revoke the Central Bank’s Autonomy (BC).

On Wednesday, July 8, Guilherme Boulos (SP) Declared That There Is No Consensus Among the Parties in the Government’s Base in the House Regarding Support for the Bill That Revokes the Autonomy of the Central Bank. However, the Deputy Stated That He Will Request That the Parties in the Base Sign a Request Proposed by the PSOL to Invite the BC President, Roberto Campos Neto, to Attend the National Congress to Explain the Conduct of Monetary Policy.

Yesterday, the Socialism and Liberty Party (PSOL) Announced a Bill to Revoke the Autonomy of the Central Bank (BC), as the President Intensified His Criticism of the Basic Interest Rate, the Selic, Maintained at 13.75% by the Monetary Policy Committee (Copom) Last Week.

Right After a Meeting of the Government’s Political Council on This Date, the Minister of the Institutional Relations Secretariat, Alexandre Padilha, Informed That There Is No Initiative on the Part of the Government to Change the Central Bank’s Autonomy Law, Although Lula Wishes to Discuss the Issue Regarding Interest Rates. For Boulos, Leader of the PSOL in the Chamber of Deputies, Roberto Campos Neto Acts with the Intention of Sabotaging the Economic Recovery of the Country.

The Trade Federation of the State of Rio de Janeiro (Fecomércio-RJ) Requested That the Central Bank Be More Flexible With Interest Rates, as They Are Being Considered “Unfeasible”

The Commerce Federation of Goods, Services and Tourism of the State of Rio de Janeiro Released a Statement Today Defending That the Central Bank Take a More Flexible Stance Regarding the Inflation Target, in Order to Allow for a Reduction in the Basic Interest Rate, the Selic.

Guilherme Boulos Declared That There Is No Consensus in the Government’s Base to Revoke the Central Bank’s Autonomy (BC).

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The Trade Federation of the State of Rio de Janeiro (Fecomércio-RJ) Requested That the Central Bank Be More Flexible With Interest Rates, as They Are Being Considered “Unfeasible”

The Commerce Federation of Goods, Services and Tourism of the State of Rio de Janeiro Released a Statement Today Defending That the Central Bank Take a More Flexible Stance Regarding the Inflation Target, in Order to Allow for a Reduction in the Basic Interest Rate, the Selic.

Guilherme Boulos Declared That There Is No Consensus in the Government’s Base to Revoke the Central Bank’s Autonomy (BC).

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

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London waited more than 360 years for this scene: four pelican chicks are born in St James’s Park, surprising experts, resembling little dinosaurs, and turning an isolation caused by avian flu into a historic chapter for the birds that have lived alongside British royalty since 1664.

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System created to save lives in disasters turned ‘against’ Brazilians overnight: a hacker attack sent out a false alert from Civil Defense with the word “misantropia” that went off on the phones of half the country, even in silent mode, and took down the Cell Broadcast.

NASA captured by satellite an underwater volcano erupting in the Bismarck Sea, in the Pacific, and now scientists are waiting to see if a new island will be born there in front of the cameras, a very rare phenomenon to witness live from space.