Brazil central bank chief says market fears over Lula easing -newspaper
February 14, 2022
4:45 PM CST
Last Updated 7 hours ago
Reuters
2 minute read
BRASILIA, Feb 14 (Reuters) - Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da Silva in this year's presidential race, according to remarks in an interview publish on Monday.
When asked if a victory of the left-wing leader was already priced into financial markets, Campos Neto told an O Globo columnist that some market prices were showing an "elimination" of the risk of a government transition.
"It means that the market has become less afraid of passing from one government to another. This is what we can interpret. Because probably a government that represented a risk of more extreme measures is moving to the center. This is our interpretation from what we capture in market prices," he said, according to the columnist.
. . .
Lula, a leftist former union leader and president from 2003 to 2010, holds a healthy lead in opinion polls over right-wing President Jair Bolsonaro ahead of the October election.
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https://www.reuters.com/world/americas/brazil-central-bank-chief-says-market-fears-over-lula-easing-newspaper-2022-02-14/?rpc=401&
