Wed. Oct 5th, 2022

The United Left’s (IU) consumption minister and federal coordinator, Alberto Garzon, indicated this Saturday that raising interest rates to prevent price increases stemming from inflation is a “wrong” measure that could lead to inflation. Losses to households with unemployment rates and variable rate mortgages.

This was revealed during his telematic intervention at the meeting of the federal coordinator of the United Left to present a report on the current political situation, where he reiterated that the autumn and winter are going to be “very difficult” due to the progressive “loss” of people’s purchasing power, especially “vulnerable families”. “.

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