# Finance Minister Critiques Lara Resende's Rate Cut Plan

> Finance Minister Dario Durigan says Lara Resende's proposal to cut Brazil's Selic rate to 7.5% has 'several shortcomings' and isn't under government review.
- Title: Finance Minister Critiques Lara Resende's Rate Cut Plan
- Summary: Finance Minister Dario Durigan says Lara Resende's proposal to cut Brazil's Selic rate to 7.5% has 'several shortcomings' and isn't under government review…
- Keywords: lara resende, selic rate, central bank, dario durigan, brazil, finance minister, lula, valorinternational
- Source: valorinternational — https://valorinternational.globo.com/markets/news/2026/11/04/finance-minister-says-lara-resende-proposal-has-several-shortcomings.ghtml
- Published: 2026-11-04T15:50:04.456+00:00
- Read time: 1 min
- Topics: lara resende, selic rate, central bank, dario durigan, brazil, finance minister, lula, business, money
## Finance Minister's Stance on Central Bank Nominations
Finance Minister Dario Durigan says federal government will choose Central Bank board nominees with technical rigor, even if profiles differ.
## Lara Resende's Rate Cut Proposal Criticized
Finance Minister Dario Durigan states Lara Resende's proposal to cut Selic rate to 7.5% over 12 months has several shortcomings and isn't under government evaluation.
## Market Reaction to Rate Cut Proposal
Lara Resende's rate cut suggestions have spooked markets but drawn praise from Workers' Party members like Federal Deputy Gleisi Hoffmann.
## Key takeaway

Brazil's finance minister states Lara Resende's plan to lower the Selic rate to 7.5% over 12 months has multiple flaws and isn't being considered by the government.