Brazil’s Lula to Appoint Picchetti, Teixeira to Central Bank Board

Brazil’s Finance Minister Fernando Haddad on Monday said President Luiz Inacio Lula da Silva will choose Paulo Picchetti as national bank head of foreign relations and Rodrigo Alves Teixeira as director of institutional relations.

The designations should get endorsement from the Senate before the new chiefs can get to work. They will replace active chiefs Fernanda Guardado and Mauricio Moura, whose terms are set to finish toward the finish of December.

With the new picks Lula, who got to work in January with harsh analysis of the national bank’s monetary policy, will see four of his picked candidates situated on its nine-part board.

Government authorities had let Reuters know that the president was moving quickly to get his selections so the new chiefs could decide on the principal strategy choice of 2024.