247 - President of the Finance and Taxation Committee of the Chamber of Deputies, Rogério Correia (PT-MG) criticized this Wednesday (18) the decision announced by the Monetary Policy Committee (Copom), which increased the Selic - basic interest rate.
“The people want growth, not a country kneeling before the banks,” the parliamentarian said on the social network X. “Each percentage point of the Selic rate costs R$38 billion to the public coffers. This money goes directly to the banks, to the financial system and to interest on the debt. It is money that disappears from health, education and infrastructure to feed banks and rentiers.”
According to the congressman, “they talk about fiscal responsibility, but there is no sign that the commitment to the country’s growth is shared by all stakeholders”. “Now we just have to wait for the minutes and hope that the “smaller increase”, of 0.25 percentage points, also means the end of the Selic rate hike”.
The Central Bank raised the SELIC rate for the 7th consecutive time. Now, the rate is at 15% per year, the highest level in two decades.
— Rogério Correia (@RogerioCorreia_) June 18, 2025
Each percentage point of the SELIC rate costs R$38 billion to the public coffers. This money goes directly to the banks, the financial system and to interest rates…
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