Union leader calls lower Selic a correct decision, but criticizes the dose

The president of the labor union, Força Sindical, Paulo Pereira da
Silva, called the Copom decision to reduce the country’s basic interest
rate from 12.5% to 12%, “correct, but the wrong dose.”

According to Paulo of the Força Sindical, “The Copom move was timid and
insufficient. The right medicine, but not the right dose. With this
measure, the government is counteracting economic growth.” (“aplica um
antídoto contra o crescimento economico”). In a note, the leader of the
Força Sindical went on to say that there was room for a bigger
reduction, especially in light of recent announcements by the government
of fiscal adjustments (that is, reductions in spending). The Força
Sindical, according to Paulo, intends to hold public protests in favor
of lower interest rates.