Brazil's economic team is considering bringing forward the country's inflation targets to defuse tensions between the central bank and President Luiz Inácio Lula da Silva, who has been publicly pushing for lower interest rates, according to two people with knowledge on the matter.
The National Monetary Council (CMN), the government body in charge of setting such targets, traditionally debates the matter in June, when it is expected to set a target for 2026.
But Lula's growing complaints that Subscribe to our Premium Membership Plan. Already Subscribed? Login Here