Lula’s “Golden Boy” at the Central Bank
Gabriel Galípolo has ties with the left and the private sector, making him a key bridge-builder at a time of market concerns.
During his confirmation hearing for the presidency of Brazil’s central bank, Gabriel Galípolo said with a nervous but friendly grin: “I’m sorry that I seem to have disappointed people who expected that when I got into the central bank, a big reality show with big fights and disputes would break out.” The comment, while made partly in jest, acknowledges the very real minefield that awaits Galípolo, 42, as he moves from director of monetary policy at the bank to its top job in January. Brazil’s economic situation is delicate, as markets have reacted negatively to the...
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