Under Lula, Doves Are Rapidly Gaining Power in Brazil’s Central Bank
Seventeen months into office, President Luiz Inacio Lula da Silva has put his stamp on the Brazilian central bank he has battled throughout his term. Four of the bank’s nine board members are now Lula appointees. And as they’ve grown in number and influence, they’ve begun to slowly shift the mindset inside an institution that has lately been aggressive, and almost obsessed, with its fight against inflation.