Lula met with representatives from the real estate sector, the Planalto Palace is tackling food prices, and the Copom will meet today to decide on the benchmark interest rate

BRAZIL POLITICS - Report 29 Jan 2025 by Murillo de Aragão and Cristiano Noronha

Yesterday, representatives from the real estate sector met with President Lula and Finance Minister Fernando Haddad. The sector presented a list of concerns, including the FGTS birthday withdrawal, the risk of taxation on Real Estate Investment Funds, and issues regarding the Minha Casa, Minha Vida social housing program. The Planalto Palace plans to announce the regulation of the meal and food voucher market by this Friday, January 31. The objective is to reduce food prices. Today, the Central Bank's Monetary Policy Committee (Copom) is also meeting to decide on the benchmark interest rate (Selic). An increase from 12.25% to 13.25% in the Selic rate is expected.

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