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BC: reforms and concessions are fundamental for the Brazilian economy

Copom Minutes

In a document, directors of the Central Bank reinforce the importance of consolidating economic growth

 

Economic reforms, especially fiscal adjustment, and the infrastructure concessions package are key efforts to keep inflation under control and generate economic growth. The assessment was made by the directors of the Central Bank and appears in the minutes of the last meeting of the Monetary Policy Committee (Copom), released on Tuesday (12). 

"All members of the Committee have once again emphasized that the approval and implementation of the reforms, notably those of fiscal nature and adjustments in the Brazilian economy, are fundamental for the sustainability of the environment with low and stable inflation," the Copom said.

Faced with the favorable trajectory of inflation and the gradual recovery of the economy, the Central Bank's management decided to reduce the Selic interest rate again. At the last meeting, the rate was reduced from 9.25% a year to 8.25% a year, the lowest level since 2013.

For the directors of the institution, the concessions in infrastructure aim to increase productivity and investment, and are fundamental for the resumption of economic activity. "These efforts are fundamental for the resumption of economic activity and the trajectory of development of the Brazilian economy," says the document.

Source: Portal Brasil, with information from the Central Bank