Central Banks
Lula Chides Brazil Central Bank Head After Hawkish Rate Hold
- Central bankers kept interest rates steady at 13.75% Wednesday
- Brazil president has attacked monetary policy since January
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Brazil President Luiz Inacio Lula da Silva renewed his attacks on the country’s central bank chief the day after policymakers held interest rates steady at a six-year high while offering no indication that looser monetary policy is imminent.
“It’s like everyone has to be careful and no one can talk about interest rates, except one man that seems to know more than 215 million people,” Lula said Thursday, referring to central bank president Roberto Campos Neto during a public event in Brasilia.