Gabriel Galipolo will chair his first interest rate decision as Brazil’s central bank governor on Wednesday with a clear, well-known mission: the board he now presides will raise the benchmark interest rate by a full percentage point for the second straight meeting.
And yet, investors will be on the edge of their seats, wondering how the 42-year-old economist will leave his mark on monetary policy in Latin America’s largest economy. Many are also worried by lingering doubts about his independence from leftist President Luiz Inacio Lula da Silva.