Brazilian President Luiz Inácio Lula da Silva has intensified his criticism of the central bank's leadership, specifically targeting Central Bank President Roberto Campos Neto, who was appointed by former President Jair Bolsonaro. Lula referred to Campos Neto as a 'political and ideological adversary' and expressed confidence that the country's economic situation would stabilize once the central bank's leadership is changed. This escalation follows the central bank's decision to halt a yearlong easing cycle, a move that has sparked significant political tension. Despite recent foreign exchange weakness, Lula stated that the government is not worried and believes market speculation will not impact the seriousness of the situation. Lula's progressive government is facing this conflict just one month before Brazil is set to host G-20 ministers in Rio de Janeiro.
Lula blasts central bank chief as ‘adversary’ after rate hold https://t.co/B6cMLfqxtJ https://t.co/pWcobA6fi2
"Lula called Brazil's central bank chief a `political and ideological adversary,' escalating criticism after policymakers halted a yearlong easing cycle this week." The gloves are OFF in Brasilia, one month before Brazil hosts G-20 ministers in Rio... https://t.co/sf2gQmaGJp
Brazil President Lula called central bank chief Roberto Campos Neto a "political and ideological adversary," escalating his criticism of the monetary authority https://t.co/76YWiMPt1e
BRAZILIAN PRES. LULA: THINGS WILL GET BACK TO NORMAL ONCE CENTRAL BANK PRESIDENT IS CHANGED
⚠️ BRAZIL'S LULA SAYS RECENT FX WEAKNESS DOES NOT WORRY THE GOVT **BRAZIL'S LULA: CENTRAL BANK PRESIDENT IS AN OPPONENT ** BRAZIL'S LULA: THINGS WILL GET BACK TO NORMAL ONCE CENBANK PRESIDENT IS CHANGED **BRAZIL'S LULA: MARKET SPECULATION WON'T AFFECT THE SERIOUSNESS OF THE…
Lula's progressive government in Brazil is going to war against the leadership of the independent central bank appointed by Bolsonaro. Another democratic shock to the status quo. Chartbook Top links today. https://t.co/7NbpztZAHv https://t.co/wUaxT7LOZc