Forget Bolsonaro. Lula has already elected a new enemy

His name is Roberto Campos Neto, president of the Central Bank

Like a soap opera, politics takes place in Brazil with good guys, bad guys and incidents that change the entire course of the prose. With eight years in the presidency and more than 40 in politics, President Lula knows like no other how to write this script. Former president Jair Bolsonaro is far away and, one month after the coup attempt, it is necessary to strengthen the image of a minor character and make him a protagonist.

If the country doesn’t grow, inflation doesn’t fall and the economy doesn’t improve, the PT already has someone to blame. It is Roberto Campos Neto, president of the central bank. The strategy is to wear Campos Neto to the maximum, attacking the interest rate (today at 13.75%), and weaken his mandate, which will last until 2024. evaluation of what the independent central bank meant ”.

The president’s interlocutors told Terra that, despite the advice to stop criticizing Campos Neto directly, Lula will keep the noose tight around the neck of the central bank. This week’s petist called the 13.75% Selic rate a “shame”. Along the same lines, the president of the PT, Gleisi Hoffmann, said that the Central Bank is “the last trench of Bolsonarism in power”.

A supporter of Lula, MP Guilherme Boulos, leader of the PSOL in the House, called Campos Neto an “infiltrator” of Bolsonaro, promoting a “boycott” of the economy. The PSOL filed a bill in the House to review the autonomy of the central bank, supporting Lula’s claim that, after Campos Neto’s term ends, the country should review the autonomy, established by law in 2021. Campos Neto replies: “the more independent, the more effective”.

PT supporters point out that the 13.75% annual interest rate “prevents investment, job creation and raising the minimum wage.” All that President Lula has promised to deliver to Brazil in his election campaign. Pressure from the president may not lower the Selic rate, much less lead Campos Neto to ask for his resignation. But the narrative is already being built with the Aces.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.