April 24 (Reuters) - Brazil's President Luiz Inacio Lula
da Silva on Monday again criticized the country's interest rate
levels, saying at an event with business people in Portugal that
local lending costs were excessively high.
"We have a problem in Brazil, I don't know if Portugal has
it too - our interest rate is too high. The benchmark rate is at
13.75% now, and nobody borrows money at 13.75%," Lula said.
(Reporting by Gabriel Araujo in Sao Paulo; Editing by Toby
Chopra)
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