Brazil: President Luiz Inácio Lula da Silva on August 28 nominated Gabriel Galípolo, a political ally, to be the next governor of the Central Bank of Brazil (BCB).

Since 2023, Galípolo has been the bank’s deputy governor and director of monetary policy, a role for which Lula nominated him in May 2023. He was previously deputy finance minister.

If his appointment is confirmed by the Senate, Galípolo will take over from Roberto Campos Neto on January 1, 2025. He will serve a four-year term.

In a

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