Central Banks
Brazil Central Bank Chief Pledges to Work With Lula’s Team
- Swap rates fall after Campos Neto defends inflation targets
- President Lula has repeatedly attacked current monetary policy
This article is for subscribers only.
Brazil’s central bank chief pledged to work with Luiz Inacio Lula da Silva’s administration in an effort to make peace with a president who has been escalating his criticism of high interest rates.
“I understand President Lula is in a hurry,” Roberto Campos Neto said during a TV interview late Monday. “The central bank needs to work with the administration and I’ll do everything I can to bring it closer to the government.”