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President of Brazil’s Central Bank opposes revising inflation targets and lowering interest rates

The president of the Central Bank of Brazil, Roberto Campos Neto, ratified yesterday, Tuesday, his opposition to revising the inflation targets for 2023 and allowing a decrease in the basic interest rate of the Brazilian economy.

Campos Neto responded in this way to the intention of President Luiz Inácio Lula da Silva's government, which seeks to revise the 2023 inflation target and reduce the benchmark interest rate, which now stands at 13.75 percent per annum.

"It is always good to debate, but I think we are at a time when it would not be good to do . . .

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