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Brazilian President Luiz Inacio Lula da Silva is expected to appoint Gabriel Galipolo as the new President of the Central Bank, as reported by O Globo. Galipolo, who previously held high positions in the Finance Ministry, was appointed BCB Chairman by former President Haddad and Lula. This move is viewed as a potential political influence in the banking sector. Meanwhile, Banco Santander has selected former Itau Unibanco finance chief Alexsandro Broedel Lopes to lead its accounting unit.
Brazil’s top decision-maker on currency intervention signaled he wouldn’t move to stem this year’s rout in the real without full support from the central bank board https://t.co/Rx1q392d98
Brazil’s Galipolo, a man increasingly seen as Lula's choice for governor, signaled in private meetings he wouldn’t move to stem this year’s rout in the real without full support from the central bank board. With @barbarafn_ https://t.co/JQ67zE6f39 @economics
Brazil’s top decision-maker on currency intervention signaled he wouldn’t move to stem this year’s rout in the real without full support from the central bank board https://t.co/o9dBjtElg2
