Brazilian president questions central bank autonomy
Lula reiterates objections to current inflation target after central bank holds rates
Brazilian president Luiz Inácio Lula da Silva has again questioned the legal independence of the central bank. In a February 2 television interview, Lula also repeated objections to the country’s monetary policy and inflation target.
Lula’s critique follows the central bank’s February 1 monetary policy decision. The central bank’s board chose to hold the benchmark Selic rate steady at 13.75%, continuing a pause begun in September.
The board also said uncertainty about the country’s fiscal
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