# Brazil’s Central Bank Head Extends Hand to Lula, But Maintains Key Demands

> Central bank chief Roberto Campos Neto made a televised appearance in which he sought better relations with Lula's economic team while refusing to cut interest rates or raise the inflation target. Markets reacted positively the following morning.

- Date: 2023-02-17 · published 2023-02-17T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/37529-brazil-s-central-bank-head-extends-hand-to-lula-but-maintains-key-demands
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Stable monetary policy supports the real and reduces financing costs for Brazilian producers, which indirectly affects the export competitiveness of Brazilian soy and corn; the impact on feed prices is limited.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-11-16 | [Brazil gains on Bolsonaro's choice to head central bank, Mexican peso falls](https://feedsoft.ai/events/62252-brazil-gains-on-bolsonaro-s-choice-to-head-central-bank-mexican-peso-falls.md) | +1.0% | +2.9% |
| USDBRL | 2024-09-19 | [Brazil’s Central Bank resumes tightening as Fed moves toward easing](https://feedsoft.ai/events/28521-brazil-s-central-bank-resumes-tightening-as-fed-moves-toward-easing.md) | -0.0% | +3.5% |
| USDBRL | 2022-02-01 | [Brazil Real Gains as Lula Woos Centrist to Join Ticket](https://feedsoft.ai/events/43353-brazil-real-gains-as-lula-woos-centrist-to-join-ticket.md) | +0.1% | -2.5% |
| USDBRL | 2025-12-11 | [Latin American assets rally on Fed cut, Brazil's cenbank maintains pause \| Reuters](https://feedsoft.ai/events/21716-latin-american-assets-rally-on-fed-cut-brazil-s-cenbank-maintains-pause-reuters.md) | +0.9% | -2.2% |
| USDBRL | 2021-06-22 | [Brazil's real bucks Latam gloom on hawkish central bank minutes - Markets - Business Recorder](https://feedsoft.ai/events/46795-brazil-s-real-bucks-latam-gloom-on-hawkish-central-bank-minutes-markets.md) | -1.7% | +3.7% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/brazils-central-bank-head-extends-hand-to-lula-but-maintains-key-demands/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.