IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.06 ▲ 0.01% USD/MXN 17.29 ▲ 0.45% USD/CLP 898.70 — 0.00% USD/COP 3,454 ▼ 1.31% USD/PEN 3.40 ▼ 0.01% USD/ARS 1,429 ▼ 0.28% USD/UYU 40.54 ▲ 1.33% USD/PYG 6,094 ▲ 0.45% USD/BOB 6.85 ▲ 1.63% USD/DOP 58.68 ▲ 1.74% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.61 ▲ 2.17% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 — 0.00% USD/VES 581.23 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.59 ▲ 0.65% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.86 ▼ 2.16% BRENT 87.33 ▼ 3.37% WTI 84.88 ▼ 3.23% IRON ORE 161.91 — — COPPER 6.45 ▲ 2.97% GOLD 4,239 ▲ 3.63% SILVER 67.97 ▲ 6.40% SOY 1,132 ▲ 1.52% CORN 412.75 ▲ 0.24% WHEAT 584.50 ▼ 0.38% COFFEE 253.80 ▼ 0.06% SUGAR 14.24 ▲ 3.26% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.34 ▲ 5.31% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 — 0.00% VALE3 79.17 — 0.00% ITUB4 40.60 — 0.00% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 — 0.00% PRIO3 61.34 — 0.00% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 — 0.00% GMAT3 3.96 — 0.00% PSSA3 50.49 — 0.00% CVCB3 1.39 ▲ 5.30% POSI3 3.64 — 0.00% SLCE3 14.25 — 0.00% NATU3 8.56 — 0.00% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 — 0.00% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 — 0.00% VIVT3 33.53 — 0.00% RAIL3 13.36 — 0.00% KLABIN 16.88 — 0.00% RAIA DROGASIL 17.46 — 0.00% RDOR3 34.08 — 0.00% HAPV3 11.40 — 0.00% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 — 0.00% UGPA3 24.80 — 0.00% VBBR3 29.15 — 0.00% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 — 0.00% COMPASS 25.29 — 0.00% VAMOS 3.03 ▲ 3.06% SANB11 27.13 — 0.00% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 — 0.00% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 64,322 ▼ 0.15% ETH 1,668 ▼ 0.75% SOL 67.84 ▼ 1.50% XRP 1.14 ▼ 1.01% BNB 611.56 ▲ 0.33% ADA 0.17 ▼ 1.89% DOGE 0.09 ▼ 1.54% AVAX 6.62 ▼ 1.42% LINK 7.90 ▼ 1.01% DOT 0.97 ▼ 1.42% LTC 43.97 ▼ 0.71% BCH 203.14 ▼ 2.68% TRX 0.32 ▲ 0.24% XLM 0.18 ▼ 2.29% HBAR 0.08 ▲ 0.28% NEAR 2.09 ▼ 1.94% ATOM 1.93 ▼ 1.06% AAVE 65.70 ▼ 2.00% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 — 0.00% MBRF3 15.99 — 0.00% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05% IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.06 ▲ 0.01% USD/MXN 17.29 ▲ 0.45% USD/CLP 898.70 — 0.00% USD/COP 3,454 ▼ 1.31% USD/PEN 3.40 ▼ 0.01% USD/ARS 1,429 ▼ 0.28% USD/UYU 40.54 ▲ 1.33% USD/PYG 6,094 ▲ 0.45% USD/BOB 6.85 ▲ 1.63% USD/DOP 58.68 ▲ 1.74% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.61 ▲ 2.17% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 — 0.00% USD/VES 581.23 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.59 ▲ 0.65% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.86 ▼ 2.16% BRENT 87.33 ▼ 3.37% WTI 84.88 ▼ 3.23% IRON ORE 161.91 — — COPPER 6.45 ▲ 2.97% GOLD 4,239 ▲ 3.63% SILVER 67.97 ▲ 6.40% SOY 1,132 ▲ 1.52% CORN 412.75 ▲ 0.24% WHEAT 584.50 ▼ 0.38% COFFEE 253.80 ▼ 0.06% SUGAR 14.24 ▲ 3.26% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.34 ▲ 5.31% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 — 0.00% VALE3 79.17 — 0.00% ITUB4 40.60 — 0.00% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 — 0.00% PRIO3 61.34 — 0.00% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 — 0.00% GMAT3 3.96 — 0.00% PSSA3 50.49 — 0.00% CVCB3 1.39 ▲ 5.30% POSI3 3.64 — 0.00% SLCE3 14.25 — 0.00% NATU3 8.56 — 0.00% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 — 0.00% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 — 0.00% VIVT3 33.53 — 0.00% RAIL3 13.36 — 0.00% KLABIN 16.88 — 0.00% RAIA DROGASIL 17.46 — 0.00% RDOR3 34.08 — 0.00% HAPV3 11.40 — 0.00% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 — 0.00% UGPA3 24.80 — 0.00% VBBR3 29.15 — 0.00% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 — 0.00% COMPASS 25.29 — 0.00% VAMOS 3.03 ▲ 3.06% SANB11 27.13 — 0.00% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 — 0.00% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 64,322 ▼ 0.15% ETH 1,668 ▼ 0.75% SOL 67.84 ▼ 1.50% XRP 1.14 ▼ 1.01% BNB 611.56 ▲ 0.33% ADA 0.17 ▼ 1.89% DOGE 0.09 ▼ 1.54% AVAX 6.62 ▼ 1.42% LINK 7.90 ▼ 1.01% DOT 0.97 ▼ 1.42% LTC 43.97 ▼ 0.71% BCH 203.14 ▼ 2.68% TRX 0.32 ▲ 0.24% XLM 0.18 ▼ 2.29% HBAR 0.08 ▲ 0.28% NEAR 2.09 ▼ 1.94% ATOM 1.93 ▼ 1.06% AAVE 65.70 ▼ 2.00% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 — 0.00% MBRF3 15.99 — 0.00% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05%
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Sunday, June 14, 2026

Can a Bolsonaro Win Brazil’s Center? Flávio Is Betting Yes

By · February 19, 2026 · 3 min read

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Key Points
Internal polling showed moderate voters wrongly associate Flávio with the military — a career he never held — prompting the senator’s campaign team to soften his messaging and move toward the political center
Flávio recently praised Carnival, defended soccer star Vinícius Júnior against racism, and endorsed a pro-LGBT message — a sharp departure from the combative rhetoric that defined his father Jair Bolsonaro’s rise to power
Polls show Flávio closing the gap with President Lula to five points in a potential runoff, but 62% of voters say they would not vote for him — making centrist outreach essential to his viability

Senator Flávio Bolsonaro, the presidential pre-candidate of Brazil’s right, is doing something his father never bothered to try: courting voters who don’t already agree with him. Internal polling has triggered a deliberate shift in tone, with his campaign team concluding that moderate voters wrongly associate Flávio with militarism — a career he never had.

In qualitative interviews, swing voters barely knew him beyond “Jair Bolsonaro’s son.” That’s a problem for a candidate who needs the center to beat the Workers’ Party in October.

Can a Bolsonaro Win Brazil’s Center? Flávio Is Betting Yes. (Photo Internet reproduction)
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Carnival, racism, and the rainbow flag

The rebranding has been rapid. In recent days, Flávio publicly praised Brazilian Carnival as “one of the most popular festivals on the planet” and honored the workers — seamstresses, musicians, blacksmiths, producers — who make it happen. He defended soccer star Vinícius Júnior against racist abuse during a Real Madrid match against Benfica.

Perhaps most striking: his brother Eduardo Bolsonaro shared a pro-LGBT post featuring an AI-generated image of a supporter kissing Flávio‘s cheek in front of a rainbow flag. The caption asked whether anyone had ever heard a homophobic statement from Flávio. The senator liked the post.

For a family whose patriarch built a political career on inflammatory remarks about Black, gay, and female Brazilians, the pivot is unmistakable.

The Lula opening

Flávio also exploited a vulnerability the government created for itself. The samba school Acadêmicos de Niterói honored President Lula in its Carnival parade — in an election year. Lula’s presence at the Sambódromo alongside officials drew accusations of illegal early campaigning. The school finished last and was relegated.

Flávio framed the criticism as nonpartisan, addressing voters who support “neither Bolsonaro nor Lula.” He condemned the use of public funds while defending Carnival itself as culture that “deserves respect.”

Numbers and limits

The strategy has urgency behind it. A Genial/Quaest poll from February showed Flávio trailing Lula by just five points in a hypothetical runoff — down from a 16-point gap in August. But 62% of Brazilians say they would never vote for him. His growth potential lies in the 23% who say they “might” — a centrist, persuadable bloc.

Campaign coordinator Rogério Marinho denies any of this is calculated, calling Flávio “a senator with political sensitivity” whose words reflect spontaneity. Allies are also planning a trip to northern Brazil to meet Indigenous communities. Whether the repositioning is genuine or theatrical, the Bolsonaro brand is attempting something it has never tried before: moderation. This is part of The Rio Times’ daily coverage of Brazil politics and Latin American financial news.

Related coverage: Brazil’s Morning Call | Brazil’s Slowdown Opens the Door for Rate Cuts

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