# Lula’s Jab at Central Bank Puts Traders on Edge Across Brazil - Bloomberg

> Bloomberg reports that Lula questioned the need for an autonomous central bank in a national TV interview, unsettling traders across Brazil. The article focuses on the political pressure on the central bank's independence.

- Date: 2023-01-24 · published 2023-01-24T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/37980-lula-s-jab-at-central-bank-puts-traders-on-edge-across-brazil-bloomberg
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Concerns over central bank credibility can weaken the real, which makes Brazilian agricultural exports more competitive and can pressure dollar-denominated feed prices.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-05-24 | [Lula’s Feud with Brazil’s Central Bank Raises Rates Dilemma to Global Stage](https://feedsoft.ai/events/36147-lula-s-feud-with-brazil-s-central-bank-raises-rates-dilemma-to-global-stage.md) | +3.1% | -3.6% |
| USDBRL | 2020-03-04 | [Brazil central bank to intervene in FX swaps market on Thursday](https://feedsoft.ai/events/54310-brazil-central-bank-to-intervene-in-fx-swaps-market-on-thursday.md) | +4.1% | +15.5% |
| USDBRL | 2022-06-14 | [Analysis: Exchange rate unlikely to mean trouble for Brazil’s Central Bank](https://feedsoft.ai/events/11313-analysis-exchange-rate-unlikely-to-mean-trouble-for-brazil-s-central-bank.md) | +0.7% | +5.4% |
| USDBRL | 2023-06-27 | [Brazil central bank minutes raise possibility of August rate cut \| Reuters](https://feedsoft.ai/events/35693-brazil-central-bank-minutes-raise-possibility-of-august-rate-cut-reuters.md) | +0.4% | -0.5% |
| USDBRL | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | -0.8% | -3.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-01-24/lula-s-jab-at-central-bank-puts-traders-on-edge-across-brazil

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