Free Trial

Top Cabinet Beginning to Take Shape, With Lula Appointing Market-Friendly Ministers

BRAZIL
  • Annualized inflation (the IPCA-15 measure) slowed in December, dropping to 5.90% Y/Y, the slowest rate since H1 last year – and just below expectations.
  • Late yesterday, Lula’s appointed Geraldo Alckmin as both the industry minister as well as Vice President, a broadly market-friendly move as part of a cabinet line up due to take office on January 1st. A further 13 positions are due to be filled, but the largest roles in the largest ministries are now filled.
  • Open positions in the finance ministry have now been filled by the incoming finance minister Haddad, with Guilherme Mello Economic Policy Secretary, and former Sao Paulo finance secretary Rogerio Ceron the head of the Treasury.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.