Market sees less chance of Copom starting interest rate cuts amid rising oil prices
The financial market's confidence has been shaken by the volatility in oil prices due to the conflict in Iran, leading to a more cautious outlook on Brazil's Copom monetary policy meeting.
Lula praises Galípolo but says he demands daily reductions in high interest rates
President Luiz Inácio Lula da Silva praised Central Bank president Gabriel Galípolo while also emphasizing the need for daily pressure to lower the current basic interest rate, which stands at 15% per year.