Alckmin: we have a problem with the interest rate, which I hope can be resolved soon

By Cicero Cotrim Brasília, 11/18/2025 - The vice president and minister of Development, Industry, Trade, and Services (MDIC), Geraldo Alckmin, said this Tuesday that the level of the Selic rate is "a problem." He stated that reducing interest rates would allow the industry to sell higher-value products, such as trucks. "We have a problem that I hope can start to be resolved soon, which is the issue of the interest rate," said Alckmin, after participating in an event of an automaker in Sao Jose dos Pinhais (PR). "We are seeking other alternatives, but we are working to have lower interest rates." At the beginning of this month, the Monetary Policy Committee of the Central Bank (Copom) maintained the Selic at 15% per year. In the statement and minutes of its decision, the committee reiterated that, in the face of the unanchoring of expectations, it is necessary to maintain interest rates "significantly contractionary for a fairly prolonged period." In his speech, the vice president ...