Lula Says Brazil Central Bank Picks Will Share His Priorities
- New directors will align with “government interests,” he says
- Finance Minister focused on candidates’ technical expertise
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Brazil’s President Luiz Inácio Lula da Silva said his eventual picks for two openings on the central bank’s board of directors would align with “the interests of the government,” a position that may heighten concerns among investors who want experienced monetary policy voices to fill the roles.
“The new directors will be appointed according to the government’s interests,” Lula told journalists at the presidential palace on Thursday. “It’s important to know that we’re going to appoint people in line with the interests of the government, and people of the highest responsibility, because we’re not going to play with the economy.”