Fernando Haddad

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Brazilian Finance Minister Fernando Haddad speaks at a press conference, criticizing unsustainable 10% interest rates before the Copom meeting, with economic charts in the background.
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Haddad criticizes central bank interest rates ahead of copom meeting

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Finance Minister Fernando Haddad stated that, if he were a Central Bank director, he would vote for lowering interest rates, deeming the 10% annual real rate unsustainable. The comment came on Tuesday, November 4, 2025, a day before the Copom meeting. Analysts view the criticism as counterproductive for the government and economy.

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