Reported 11 months ago
Brazil President Luiz Inacio Lula da Silva labeled central bank chief Roberto Campos Neto as a 'political and ideological adversary,' intensifying his disapproval of the monetary authority after they paused interest rate cuts. Lula expressed discontent at the currency's depreciation but reassured that it wouldn't harm the nation's economy, despite criticizing the central bank's decision to maintain the benchmark Selic rate. The real briefly dipped post his remarks before recovering.
Source: YAHOO