For Trabuco, indication of Galípolo to BC is positive – 05/09/2023 – Market

Banker Luiz Carlos Trabuco, chairman of Bradesco’s board of directors, evaluates the nomination of the executive secretary of the Ministry of Finance, Gabriel Galípolo, for the directorship of monetary policy at the Central Bank as a positive profile and considers that the short passage of the economist by the current position should favor his repertoire.

“Galípolo is a well-prepared economist with extensive experience in the financial market. This experience that he brings as executive secretary of the ministry, understanding the challenges of fiscal policy, could contribute greatly to the discussion of monetary policy in Brazil”, he says.

Despite the evaluation of a part of the market, which saw the indication as a sign of political interference in the monetary authority, Trabuco says he does not see any concern. “He excels due to his capacity and previous experience. He is a man who reflects what he thinks about the Brazilian economy”, said the banker to Sheet.

For Isaac Sidney, president of Febraban (bank federation), both Galípolo and Ailton de Aquino Santos, appointed to head the inspection area of ​​the autarchy, are qualified professionals.

“The nomination puts an end to the noise and turns the page on who the new BC directors would be. I think that, more important than the nomination itself, a country having central banks with its technical independence should be the wish of any government” , said Sidney.

At a Lide event in New York this Tuesday (8), the mayor, Arthur Lira, also commented on the definition for vacancies.

“These appointments always have an effect. I have no doubt that, once approved by the Senate, he will play a good role in the Central Bank, but I hope that the Senate’s analysis will take a while, because he will be missed by the economy. He does a good job with Minister Fernando Haddad [Fazenda] and it has been important in the dialogue with the Congress in the discussion of the themes in which we are on the verge of voting”, said Lira.