Lula Blasts Central Bank Chief as ‘Adversary’ After Rate Hold

Brazil President Luiz Inacio Lula da Silva called central bank chief Roberto Campos Neto a “political and ideological adversary,” escalating his criticism of the monetary authority after policymakers halted a yearlong easing cycle this week.

The real briefly dipped following the comments before rebounding to trade at 5.44 against the dollar.