Lula’s Pick for Central Bank Governor Takes Unexpected Hard Line

Gabriel Galipolo, the new leader of Brazil’s Central Bank, has undergone a remarkable transformation in recent weeks. Once viewed as President Luiz Inácio Lula da Silva’s emissary, Galipolo has now transformed into a staunch inflation fighter. This shift has caught investors off guard and reshaped monetary policy expectations in Latin America’s largest economy. Initially expected […]