Brazil & Southern Cone - July 2024

This July edition of the Latin American Regional Report: Brazil & Southern Cone begins with an analysis of the rising tensions in Brazil between President Luiz Inácio Lula da Silva and the central bank chief Roberto Campos Neto. When the bank held the benchmark interest rate (Selic) steady – after a 10-month easing cycle that slashed the Selic – Lula and his Partido dos Trabalhadores (PT) intensified their tirades against the monetary authority, as well as against financial markets, and more broadly bankers and the wealthy.

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