Edinho Silva criticizes speculation in the economy and says that only Durigan speaks for the government

According to InfoMoney, the national president of the PT, Edinho Silva, criticized speculations in the economic area and stated that they do not collaborate with the country. The speech gains weight because news is circulating about possible movements in the economic area.

For Edinho, only the Minister of Finance, Dario Durigan, speaks for the government in the economic area. The message defines who has the official say on the topic and suggests that other voices, inside or outside the Executive, should not be taken as the government's position.

The backdrop is the news of a possible meeting between Lula and André Lara Resende, an economist and one of the creators of the Real Plan. The mention of his name is enough to attract the attention of those who follow economic policy.

Lara Resende recently published an article about the elimination of high interest rates in Brazil. For those who invest in fixed income, stock markets and foreign exchange, the topic is of direct interest, because it affects the cost of money and expectations for the economy.

Durigan denied the meeting, in response to Valor Econômico. With the minister's refusal, the matter was restricted to the field of speculation that Edinho criticized.

What changes for the investor

The episode shows that the market reacts to both facts and expectations about economic policy. The facts gathered so far do not include any concrete measurements, so there is no basis for projecting price movement. It is worth monitoring whether the Ministry of Finance's statements become the reference for the government's speech and whether the discussion about high interest rates takes the form of a proposal. From this newspaper's editorial point of view, any path to reducing interest rates depends on fiscal credibility, and this credibility is measured by the consistency of actions, not by speculation.

Automatically translated from Portuguese.