Reduction of interest rates, when it comes, will be for good, Dirceu affirms

09/06/2003 - 21h18

Rio, June 10, 2003 (Agência Brasil - ABr) - The President Chief of Staff, Minister José Dirceu, guaranteed, yesterday (9), in Rio, that the Administration is completely aware that Brazil is not only ready to resume economic growth but is also in a hurry. "But we are also completely aware of what we are doing: When interest rates begin to come down, it will be for good. We have absolute confidence in what we are doing, and we know that we cannot afford any more exchange rate fluctuations or growth bubbles. For this reason, Brazil has to enact the reforms and changes necessary for medium-term self-sustaining growth. We can't fool ourselves or the country any longer with short-term measures, which, afterwards, turn out to be totally fallacious," he affirmed.

For Dirceu, "fortunately," society understands the moment and the reality that the country is experiencing. "And the polls show this: There is ample support from all social segments, an understanding that we require time for this transition," he observed. (DAS)