Reported about 2 months ago
Brazil's President Luiz Inacio Lula da Silva intends to submit all four nominations for the central bank board simultaneously, featuring Gabriel Galipolo as a prominent candidate for the presidency. This move could significantly shift the balance of the bank's interest rate-setting committee in favor of Lula's administration if the Senate approves his choices, which are anticipated to take office in 2025.
Source: YAHOO