Brazil: Lula’s Pick for BCB CEO Post
The nominee still needs the Senate’s nod
Brazilian President Luiz Inácio Lula da Silva has selected Gabriel Galípolo, the Central Bank Monetary Policy Director, to take over as CEO from Roberto Campos Neto. Galípolo’s nomination awaits confirmation by the Senate before he officially assumes the role after Campos Neto’s term ends on Dec. 31.
In an interview, Lula expressed his confidence in Galípolo, stating that he could raise taxes if needed and that the future CEO would have full autonomy. Galípolo, if approved, will serve as CEO from 2025 to 2028, with Lula praising his competence and dedication to Brazil.
Haddad, the Finance Minister, announced Lula’s choice earlier in the week, with Galípolo expressing gratitude for the nomination. With a background in various financial roles, including at the Finance Ministry, Fiesp, and Banco Fator, Galípolo’s experience makes him a strong contender for the position.
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