Bolsonaro Regrets Giving Central Bank Autonomy, AP Reports
- President expressed desire to interfere in bank’s policy: AP
- Central bank is aggressively raising rates to fight inflation
Jair Bolsonaro
Photographer: Andressa Anholete/BloombergThis article is for subscribers only.
President Jair Bolsonaro has expressed regret for signing a law that gave formal autonomy to Brazil’s central bank, according to the Associated Press.
Bolsonaro on Thursday complained about the central bank’s autonomy during a flight home from Mato Grosso state, the AP reported Friday, citing a high-level official aboard. It wasn’t the first occasion that the president, who’s seeking re-election next year, has expressed the desire to interfere in the bank, according to an unidentified minister cited by the news agency.