In a turnaround in the relationship, Lula invites Campos Neto to the end of the year party

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President of the Central Bank was the target of strong criticism from the President of the Republic in the first months of the year, due to the maintenance of interest rates. In a turnaround in the relationship, President Luiz Inácio Lula da Silva invited the president of the Central Bank (BC), Roberto Campos Neto, to an end-of-year get-together. The gathering, scheduled for Thursday night (21), will bring together government ministers, Lula’s close advisors, government leaders and friends of the president. In the first months of the year, Campos Neto was the target of criticism from the president, due to the decisions of the Monetary Political Council (Copom) which, at the time, did not reduce interest rates. The Copom is made up of BC directors. In the worst moments of the institutional relationship, Campos Neto even complained to people close to him that he could not even be received by ministers from the Planalto Palace. The situation is different now. This Thursday, he took the BC board to a meeting with the vice-president, Geraldo Alckmin. At the beginning of 2023, an interlocutor of the president stated that Lula would never receive Campos Neto. Since then, the two have had at least two dates. Campos Neto reported, in a press conference this morning, that he has spoken frequently with the Minister of Finance, Fernando Haddad. From Wednesday to Thursday, in addition to seeing each other in person, they spoke a few times on the phone. In the same interview, the president of the BC praised important economic measures that the government managed to approve in Congress and also praised the effort of the economic team in seeking the fiscal target of zero deficit in 2024. Campos Neto: Lula has more patience for conversations; Bolsonaro was more dispersed Approach Campos Neto has not only sought rapprochement with the government because he wants to stop being attacked by the left. He also intends to participate in the selection of BC directors and even influence their succession. His term ends in December 2024. Copom is made up of 8 directors and the president of the Central Bank. Of these 8 directors, 4 were appointed by Lula throughout this year.

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