Gallípolo in BC can avoid noise, believes government – 05/10/2023 – Mônica Bergamo

The Lula government does not expect that Gabriel Galípolo’s entry into the Central Bank (BC) will reverse, in the short term, the maintenance of high interest rates in the country, determined by the institution.

STEP BY STEP

Although the economist, who currently occupies the Executive Secretariat of the Ministry of Finance, is considered skilled, the government predicts that BC president Roberto Campos Neto will remain inflexible for longer and will not allow rates to drop.

SCOREBOARD

Campos today has seven out of nine votes from the Copom, the monetary policy committee that sets interest rates. Lula (PT) would now have two votes — in addition to Galípolo, the Minister of Finance, Fernando Haddad, appointed Ailton Santos to the autarchy’s supervisory board.

ORCHESTRA

Galípolo’s initial mission, in this context, will be to open a dialogue that will at least avoid noise considered disastrous for the government.

ORCHESTRA 2

The wording of the minutes of the Copom meeting, for example, will be a first challenge that will deserve special attention from the economist.

FRESH PAINT

At the beginning of the Lula government, the text of one of the minutes mentioned “uncertainties” in the country’s fiscal situation to justify the high rates.

INK 2

According to a government interlocutor, Galípolo will try to dialogue with other directors so that the minutes do not remain “not so much in the sky, not so much in the sea”.

PETIT COMMITTEE

The presenter Sabrina Sato honored the pocket show that the singer Silva did on Tuesday night (9), at the Fasano São Paulo Itaim hotel, in the capital of São Paulo. The event was held by Vivara to mark the launch of its Mother’s Day collections. Actress Letícia Colin stopped by.

^{with BIANKA VIEIRA, KARINA MATIAS It is MANOELLA SMITH}

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