Temer: Brazil’s economic policy is making history

published: Mar 21, 2018 12:00 AM, last modified: Mar 22, 2018 11:55 AM

This Wednesday (21 March), the Central Bank reduced the official interest rate (Selic) to 6.50%, the lowest rate in history

The Brazilian government's economic policy is making history, President Michel Temer commented on the 12th consecutive drop in the Brazilian benchmark interest rate (Selic). On Wednesday (21 March), the Monetary Policy Committee (Copom) reduced the rate to 6.50%, the lowest in history, in the wake of positive results that show a "consistent recovery of the Brazilian economy”.

A minha política econômica está fazendo história. A taxa básica de juros, a Selic, é a menor já registrada, 6,5%, conforme decisão do Copom, hoje. E graças à inflação que continua baixando. O resultado é mais investimentos das empresas, mais empregos e maior consumo das famílias https://t.co/AEsAuwnVvi
— Michel Temer (@MichelTemer) 21 de março de 2018

My economic policy is making history. The Selic interest rate is at its lowest in history, 6.5%, after Copom’s decision today. That is thanks to inflation, which continues to drop. The result is more investments by companies, more jobs and more household consumption.