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Lula’s R$200 Billion Stimulus Falls Short, Escalating Clash with Brazil Central Bank

An election-year economic stimulus package by President Lula’s government had a lower-than-expected impact, while parallel off-budget spending pressures the Central Bank to hold the Selic rate high.

By Eleanor Shaw

Published
Lula’s R$200 Billion Stimulus Falls Short, Escalating Clash with Brazil Central Bank
Illustration — BRZ.news

An election-year economic stimulus package by President Lula’s government had a lower-than-expected impact, while parallel off-budget spending pressures the Central Bank to hold the Selic rate high.

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