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Brazil finance minister blames former central bank chief for recent issues

BY Reuters | ECONOMIC | 01/19/26 09:48 AM EST

BRASILIA, Jan 19 (Reuters) - Brazil's Finance Minister Fernando Haddad said on Monday that central bank ?Governor Gabriel Galipolo inherited a ?series of problems from ?his predecessor, Roberto Campos ?Neto, including ?issues tied to the recently liquidated ?lender Banco ?Master.

Haddad told news outlet UOL that ?many challenges ?stemmed from ?Campos Neto's tenure, including the unanchoring of inflation expectations, ?which he said was largely fueled by statements made by the prior central bank leadership.

Campos ?Neto ?was appointed by former right-wing President Jair ?Bolsonaro but served during leftist President Luiz Inacio Lula da Silva's first two years in office. Galipolo, ?a Lula nominee, took over in January 2025. (Reporting by Marcela Ayres; ?Editing by Gabriel Araujo)

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