Brazil’s Finance Chief Is Trying to Put a Political Ally Inside the Central Bank—And Markets Are Panicking

2026-02-03 - 11:35

Key Points Brazil’s Finance Minister nominated an economist with deep ties to the ruling Workers’ Party for a seat on the Central Bank board, just as the institution prepares to cut interest rates from a 15-year high The Central Bank president, despite being appointed by the same government, is reportedly opposed—revealing a power struggle at