Lula’s Party Backs Central Bank Chief Despite High Interest Rate

The head of Brazil President Luiz Inacio Lula da Silva’s political party expressed support for central bank chief Gabriel Galipolo, even as high interest rates threaten to drag on the...

By Daniel Carvalho, Martha Viotti Beck · Bloomberg Markets

The head of Brazil President Luiz Inacio Lula da Silva’s political party expressed support for central bank chief Gabriel Galipolo, even as high interest rates threaten to drag on the economy ahead of next year’s election.