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Brazil Senate committee approves Galipolo as central bank chief

BY Reuters | ECONOMIC | 10/08/24 01:29 PM EDT

BRASILIA, Oct 8 (Reuters) - The Brazilian Senate's Economic Affairs Committee on Tuesday approved Gabriel Galipolo to head the central bank starting January, replacing current governor Roberto Campos Neto, whose term expires this year.

Appointed by leftist President Luiz Inacio Lula da Silva for the position, Galipolo currently serves as the bank's monetary policy director. The committee unanimously approved his nomination.

Galipolo's name still needs to be ratified by the full Senate floor, which is expected to vote on the matter later in the day. (Reporting by Marcela Ayres; Editing by Gabriel Araujo)

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