Weekly Report - 11 May 2023 (WR-23-19)

BRAZIL: Government ally to serve on central bank board

Brazil’s finance minister, Fernando Haddad, announced two nominees for the board of Brazil’s central bank (BCB) on 8 May. The first nominee already had years of experience within the organisation, the bank’s head auditor Ailton Aquino. However, the second nominee was the current deputy finance minister, Gabriel Galípolo. As a senior government official and trusted ally of Haddad and President Luiz Inácio Lula da Silva, Galípolo’s appointment to the BCB’s board of governors would be a major boost for the government amid the ongoing tensions over interest rates.

End of preview - This article contains approximately 650 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.