On Tuesday, September 27, the former president and Workers' Party (PT) candidate for the presidency, Luiz Inácio Lula da Silva, said he saw no problem in the Brazilian Central Bank's (BC) independence but advocated changes in the institution's performance.
For the Brazilian presidential candidate, besides setting the interest rate and controlling inflation, the Central Bank also needs to set economic growth and employment targets.
"Because the Central Bank's purpose is to ensure that inflation is controlled. And the only mechanism it has is to increase the interest rate. It is necessary to create another mechanism.
"The . . .