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Bolsonaro Talks Put Brake On Ibovespa
A statement by President Jair Bolsonaro asking for lower interest rates at Banco do Brasil (BB) put a brake on the bullish move of the Bovespa Index yesterday. The stock market closed the trading session with a fall of 0.05% at 96,187.75 points. During his participation in the opening of Agrishow, Bolsonaro defended the reduction of Banco do Brasil's interest in the promotion of rural credit. The president addressed the president of BB, Rubem Novaes, and, in a tone of good humor, said: "I appeal, Rubem, to your heart and patriotism, that these interests fall a little more." Bolsonaro said during the event that the government will release R $ 1 billion into the rural insurance program, but did not give details about the credit. The statement on interest had immediate effect on Banco do Brasil's shares, which abandoned the bullish signal with which they had been operating and contaminated the other shares of the financial sector. (Photo by Cris Faga/NurPhoto)
Photo Details
| Photo ID | #4246358 |
|---|---|
| Date Taken | |
| Location | N/A |
| Photographer | Cris Faga/NurPhoto |
| Category | Economy, Business and Finance |
| Copyright | © 2026 NurPhoto - Cris Faga/NurPhoto |
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