Rousseff’s Government Approval Rating Rises to 37% in Brazil

Brazil’s government approval rating rebounded from a record low amid faster economic growth and slower inflation, according to an Ibope poll.

Rousseff’s administration was considered excellent or good by 37 percent of the 2,002 people surveyed by polling company Ibope, up from a record-low 31 percent in July. The president’s personal approval rating rose to 54 percent from 45 percent. The survey comissioned by the National Industrial Confederation and conducted from Sept. 14 to 17 has a margin of errror of 2 percentage points.

Still, the government approval remains almost half of the 63 percent record in March, before one million people took the streets to protest against bus fares increases, corruption and mis-allocation of public funds. Rousseff’s popularity slipped as inflation, which breached the upper end of the government’s 6.5 percent inflation target twice this year, eroded economic growth.

While her approval rating improved, the poll shows disapproval of inflation policy has increased to 68 percent from 57 percent in June. The central bank has raised the benchmark interest rate four times this year to 9 percent from 7.25 percent to tame inflation that accelerated to 6.7 percent in June. Consumer prices rose 6.09 percent last month.

The percent of those who disapprove of the interest rate rose to 71 percent in September from 54 percent in June.

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