Senate committee cancels hearing with Campos Neto scheduled for next week

Reuters – The Senate Economic Affairs Committee canceled the hearing that was to take place on Tuesday of next week in the presence of the President of the Central Bank, Roberto Campos Neto, and the advisor to the rector informed the senator. Vanderlaan Cardoso (PSD-GO).

The cancellation was due to the extension of the Easter recess, which will take place next week, and which would reduce the presence of senators in the House of Representatives, Cardoso’s advisor said Friday. His office added that a new date should be set for Campos Neto to attend college, and Cardoso wants this to happen as soon as possible.

The postponement was also confirmed by the parliamentary advisory issued by British Columbia.

Campos Neto was invited by the Commission to explain the current level of the basic interest rate which has not changed at 13.75% per annum since September, as well as to explain what went wrong in the historical series of exchange flows, according to a corresponding agenda.

Follow up on recommendations

The current level of the key interest rate, Cilic, and the performance of the Central Bank’s Monetary Policy Committee (Copom) have been the target of heavy criticism from President Luiz Inácio Lula da Silva and other members and allies of his cabinet, such as Labor Party Chairman and Federal MP Glacey Hoffman (PR).

Institutional Relations Minister Alexandre Padilla said on Thursday that the government had instructed its leaders and members of its support base to ensure that the goals the Basel Convention had to achieve set out in the law granting autonomy were met. The crowd’s agenda was with Campos Neto in CAE.

In January, the central bank announced that it had identified an error in the historical series of exchange flows and revised the result of this calculation in 2022, which shifted from a net inflow of $9.574 billion to an outflow of $3.233 billion.

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