Lula Confident: Central Bank to Lower Interest Rates Soon

President Lula da Silva's statement on interest rates has sparked debate in Brazil. Speaking in Brasília on June 3, 2025, President Lula confidently asserted that the Central Bank will soon reduce interest rates. He pointed to the controlled inflation and decreasing food prices as evidence supporting his prediction. "What we are aware of is that inflation is under control, food prices have fallen, and I think that soon the Central Bank will take the correct action to begin lowering interest rates," Lula stated. This statement is significant given the ongoing economic discussions in Brazil. The high interest rates have been a subject of much debate, with some arguing they are necessary to control inflation, while others believe they are hindering economic growth. The Central Bank's response to Lula's statement will be closely watched by economists and the public alike. The Folha de S.Paulo report offers a detailed analysis of the situation and its potential implications for the Brazilian economy.