Galípolo’s Appointment to Central Bank Changes Economic Game Plan of Lula’s Party

Lindbergh Farias, the incoming PT leader in the Chamber of Deputies, has changed his tune on Brazil’s Central Bank. He now supports Gabriel Galípolo, the future Central Bank president. This shift includes tolerating higher interest rates for a while. Farias believes Galípolo’s appointment by President Lula changes everything. He expects Galípolo to focus on stabilizing […]