In an interview with WW this Wednesday (1st), Marcela Kawauti, chief economist at Lifetime Asset, stated that the market believes that the new president of the Central Bank (BC) Gabriel Galípolo and the other nominees of the Lula government should continue the technical work of the agency .
“They [os novos diretores] they have shown that they will be technicians”, observed Kawauti. In addition to the former director of Monetary Policy, they take on new positions at the BC.
“What we saw in the last meetings is that we will probably have a continuation of Roberto Campos Neto’s work in this new management of Galipolo, so much so that the Central Bank has already contracted two increases of 100 points in the first two meetings of 2025”, he highlighted.
In June, he had been promoting on . Since then, and in the following two meetings, .
Kawauti believes that the BC’s communication will be crucial for building a good relationship with the market. One factor that had been bothering economic agents was that, since March, the Copom had .
The board’s directors sought to alleviate these fears by indicating that the .
In December, at the last meeting of 2024, the . The level set at the last meeting of the year was .
“[Galípolo] did a good job in this regard, the market imagines that the Central Bank will continue [compromissado com a meta de inflação]”, evaluated Kawauti.
The economist reinforces that the proximity between the new president and the Executive can be positive to reduce noise between the two parties.
And, despite the fear that the BC may suffer some political interference – which president Luiz Inácio Lula da Silva (PT) denied in a statement made alongside Galípolo -, Kawauti pointed out that “on the monetary policy side, the concern is not is as big as on the fiscal policy side.”
