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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.
In brief
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. 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…
Finance Minister's Stance on Central Bank Nominations
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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.
The 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.
