IOF tax was discussed at President Lula’s table, Brazil’s finance minister tells O Globo

SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said that the increase in the IOF tax on financial transactions “was debated at the president’s (Luiz Inacio Lula da Silva) table, who summons the ministers he considers pertinent”, newspaper O Globo reported on Sunday.

Asked in the interview whether there might be another review of the measures, as the IOF rates were partially lowered on Friday, Haddad said that regulatory measures are constantly calibrated.

“I’m always reassessing the Finance Ministry’s regulatory measures in order to achieve economic policy objectives,” he said.

(Reporting by Sao Paulo Newsroom)