IBOV 205,558.53 ▼ 0.65% IPSA 11,166.65 ▲ 0.38% IPC MEX 64,975.08 ▲ 0.69% MERVAL 2,885,034 ▲ 0.54% COLCAP 2,590.34 ▲ 0.30% BVL PERÚ 60,220.93 ▲ 0.18% USD/BRL4.97▼ 0.38% USD/MXN17.96▼ 0.68% USD/CLP971.91▼ 0.07% USD/COP3,217▲ 0.74% USD/PEN3.43▼ 0.52% USD/ARS1,521▲ 0.02% USD/UYU40.09▲ 2.87% USD/PYG5,835▲ 3.25% USD/BOB11.90▲ 2.31% USD/DOP60.36▲ 4.52% USD/CRC454.50▲ 2.57% USD/GTQ7.64▲ 3.36% USD/HNL26.86▲ 3.49% USD/NIO36.62▲ 2.96% USD/VES870.21▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.68▲ 1.99% EUR/BRL5.60▼ 4.60% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 205,558.53 ▼ 0.65% IPSA 11,166.65 ▲ 0.38% IPC MEX 64,975.08 ▲ 0.69% MERVAL 2,885,034 ▲ 0.54% COLCAP 2,590.34 ▲ 0.30% BVL PERÚ 60,220.93 ▲ 0.18% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, October 6, 2026

Lula affirms that “Brazil will cease to be a country of authoritarianism”

By · May 5, 2023 · 2 min read

The President of Brazil, Luiz Inácio Lula da Silva, expressed yesterday, Thursday, that “Brazil will cease to be a country of monologue, of authoritarianism, of thought imposed by force“.

Leading the first plenary session of the National Council for Economic and Social Development, Lula pointed out that the body “is not a space for people to speak well of the government nor a space for people to only make diagnoses.”

“It is a space for you to help govern this country, for you to say how things should be done,” said the president during the installation of the 246 new members of the Council.

Lula affirms that "Brazil will cease to be a country of authoritarianism".
Lula affirms that “Brazil will cease to be a country of authoritarianism”.
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Created by Lula in his first government (2003-2007), the collegiate had been extinguished by former president Jair Bolsonaro (2019-2022).

The Council’s mission is to assist the president in formulating public policies for economic, social, and sustainable development, as well as to analyze and articulate proposals with sectors of society.

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It is a body with representatives from civil society, business, trade unions, social organizations, and academia.

In his speech, President Lula said that the group represents the “face of Brazilian society” and that bringing together people with different thoughts to develop new ideas for the country is a virtue.

Members of the Council who took the floor focused their criticism on the high-interest rate set by the Central Bank, social inequality, and the growth of poverty in the country.

Lula endorsed questioning the interest rate, currently at 13.75 percent per annum, and of the Central Bank president, Roberto Campos Neto.

“It seems that no one can talk about the interest rate as if a single man knew more than 215 million people,” the president said.

The president said, “The poorest suffer the consequences of interest rates”.

 

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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