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Reuters
Reuters
Business
By Maria Carolina Marcello

Brazil's Lula threatens central bank autonomy after hawkish words

Brazil's President Luiz Inacio Lula da Silva speaks during a meeting with governors, at Planalto Palace in Brasilia, Brazil January 27, 2023. REUTERS/Ueslei Marcelino

Brazilian President Luiz Inacio Lula da Silva on Thursday issued his latest threat to the autonomy of the country's central bank a day after it floated the possibility of keeping interest rates at a six-year high for a longer-than-expected period.

Lula, who had previously described central bank independence as "nonsense," said he could review its autonomy by the end of the term of the current central bank governor, Roberto Campos Neto.

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