Lula promises lower interest rates

Brazilian president Luiz Inacio Lula da Silva promised on Tuesday to lower interest rates if reelected. Favoured to win a second term in office, Lula also said he would increase government spending to boost economic growth. His program also includes a higher distribution of income in the country, which has an extremely high discrepancy between the income levels of rich and poor.

Mr. Da Silva's main opponent, former Sao Paulo governor Geraldo Alckmin, claimed on National TV that he'd try to lower income taxes if elected, as well as fight corruption, "which prevents Brazil from growing."