Reported 3 days ago
As President Luiz Inacio Lula da Silva embraces Gabriel Galipolo as Brazil's new central banker, concerns among investors grow regarding the potential shift in monetary policy. Despite promises of continuity and independence, Galipolo's previous economic views have raised doubts about his capacity to maintain the central bank's autonomy amidst rising public debt and Lula's impatience with strict monetary policies. The upcoming months will be crucial in determining how this relationship unfolds and its impact on Brazil's economic future.
Source: YAHOO