This reduction is not so harmful to the economy. In summary: 4.5% per year is still a very high rate. It inhibits productive investment. After the pension reform and future administrative and tax reforms, there will be room for further cuts in favor of investments in production, improving unemployment and family income. As a consequence, speculative capital returns to its origins, pressing USD / BRL, which is why 4.5517 +0.0373 (+ 0.83%) USDBRL. Economically, the way looks better this way, i think.
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