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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.
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- Quotes of the week