Daniel Mello      Reporter Agência Brasil

São Paulo – The labor union, Força Sindical, called the decision by Copom to reduce Brazil’s basic interest rate, the Selic, from 9.75% to 9%, “timid.”

“As we see it, this lowering the interest rate by eye-dropper means a lost opportunity for the Central Bank to make a drastic reduction that would create jobs and increase production,” said a note signed by the Força Sindical president, Paulo Pereira da Silva.

According to the note, interest at 9% continues to hinders economic expansion. “Fewer jobs are being created and industrial production has worsened over the last few months,” concluded the note.

Allen Bennett – translator/editor The News in English

Link - Força Sindical diz que queda nos juros é tímida