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Durigan Says Government Has to Create Conditions to Reduce Interest and Classify Selic as ‘Very High'

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After the Central Bank interrupts cycle of cuts, the Minister of the Farm defended the revision of expenses and tax benefits

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After the Central Bank interrupts cycle of cuts, the Minister of the Farm defended the revision of expenses and tax benefits

·São Paulo, Brazil
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The Minister of the Farm, Dario Durigan, said on Thursday (5) that the Selic rate of 13.75% per year is very [...]

The pause of the Copom in the cycle of cuts ended a sequence of five consecutive reductions

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Copom maintained the Selic rate at 13.75% per year

Minister of the Farm argued that the government must offer conditions for the basic interest rate to decrease and avoided criticizing the decision of the Copom to interrupt Selic's cycle of cuts

·Brasília, Brazil
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Correio Braziliense broke the news in Brasília, Brazil on Thursday, November 5, 2026.
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