Analysis: Prepare to live with high interest rates is a good Brazil

After the Central Bank President (BC) speech, In the Gabriel GallipoRegarding interest rates, this Monday (19), which is the end of the high rate of the seric rate.

“In the scenario we see, and even in the scenario we see, even with recent history, it makes sense to stay in control of these interest rates for a longer period of time.”

In the analysis CNN moneyThais Heriadi points out to be ready to live with high interest rates.

Heridia insisted that the presidency (from 2011 to 2016) was the presidency in the high levels of interest rates, and that Ilan Goldfazn (2016 to February 2019) was a tenure.

“Interest has increased, for example, at 14.25% in July 2015 and until October 2016. He spent more than a year. And where are the inflation expectations during this period? They are high,” the analyst said.

“We are not in this situation. Heridia asked.

Today, the basic interest rate is at 14.75% after another increase in the last meeting held in May.

This is the highest level of the basic interest rate for the Brazilian economy in almost 20 years. The last time Celic was at this level in July 2006.

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