Lula Taps Ally Gabriel Galipolo as Brazil Central Bank Chief

By Yahoo! Finance | Aug 28, 2024 at 03:27 PM EST

Brazil's President Lula appointed Gabriel Galipolo as the new central bank chief, aiming to influence the institution's policies on high interest rates. Galipolo, a former adviser to Lula, will face challenges like rising inflation and balancing market expectations with government demands.

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