It’s a lot of cards for a Friday
Yes, BRASEW, basically the letter says that the economy is strong and that’s why it screwed up the inflation target. I’ve already given up on the economy. If it’s weak, it’s bad, if it’s strong, it’s bad. That’s why I don’t save anything, it’s the same.
But let’s agree that the letter also says that in addition to the strong economy, another problem was the dollar’s blow and people’s stress about the fiscal scenario (read, the government’s accounts. People think that the government spends more than can. Who never). Oh and there was also the atmosphere. Not the weather, the climate, darling. Climate changes and such.
The letter sent by the president of the Central Bank is a ritual. It is open to the public and serves to explain what nonsense prevented the monetary authority from maintaining inflation within the established target. For those of you who are lost, inflation in 2024 closed at 4.83%, above the established ceiling of 4.5%.
Macron saving Lula
Maduro has successfully renewed his dictatorship vows. Lula remained silent all day on the Maduro issue and the person who came to save him was Macron, Emmanuel of France, who released a letter (or note, or something like that) saying that he and Lula are going to save the country.
