Appointed by the president should debut meetings of the board with a high percentage point in the interest rates
Those appointed by the President (PT) form, for the first time in government, most at the meeting of the (monetary policy committee), which decides the basic interest rate. The meeting is held this Thursday (28.jan.2025) and on Wednesday (29.jan). Of the 9 seats that make up the collegiate, only 2 were appointed by (PL). The high percentage point in Selic is a consensus among financial market agents.
The Autonomy Law of (Central Bank), sanctioned in 2021, implemented mandates for the members. They last 4 years and end up in interspersed periods. In 2024, they closed 3 terms:
- ROBERTO CAMPOS NETOformer president of the Central Bank;
- Otavio Damasoformer regulatory director;
- Carolina de Assis Barrosformer director of institutional relationship, citizenship and conduct supervision.
They were replaced by:
- Gabriel Galipoloformer director of monetary policy and now president of the BC;
- Gilney VivanRegulatory Director;
- Izabela CorreiaDirector of Institutional Relationship, Citizenship and Conduct Supervision;
- NILTON JOSÉ DAVIDdirector of monetary policy.
The year 2025 will be the 1st since the sanction of the Central Bank’s operational autonomy in which the elected government indicates more directors than the previous government.
Lula and the government criticized former BC president several times in 2023 and 2024. Campos Neto was nominated by Bolsonaro, Lula’s political opponent. The economist left office in December and said all monetary policy decisions.
Lula’s nominees only once from Campos Neto from 2023 to 2024 in the monetary policy votes. Galipolo said in December 2024 that Lula’s directors had a vote with the last two Copom meetings. The period coincides with the period when the BC had tougher decisions – with Selic and interest at 14.25% per year in March.
Highest Selic
O Poder360 Since the projections of financial agents indicate a Selic rate of 13.25% per year from Wednesday (29.jan.2025). Inflation estimates rose to 5.50% to the end of 2025.
