Brazil’s Lula Seeks Central Bank Hearing in September

Brazil President Luiz Inacio Lula da Silva’s administration is in talks with the Senate head to hold the hearing for the next central bank governor in early September, according to local newspapers. Lawmakers plan on making a final push before the municipal elections, which will take place in October, but chances that the sessions will be virtual could make the work harder.

On Monday, central bank Monetary Policy Director Gabriel Galipolo brought forward his return to the capital Brasilia from Piaui, where he was participating in an event, in case Lula decided to officially nominate him to succeed Governor Roberto Campos Neto, said O Globo.