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Brazil's Rate-Setting Committee Could See Historic Female Hires
28 May
Summary
- Two women are being considered for Brazil's central bank rate-setting committee.
- Appointments would mark a record three women on the nine-member committee.
- President Lula has the final say on the nominations for the vacant seats.
Brazil's Central Bank Governor Gabriel Galipolo is reportedly considering two accomplished female professionals for vacant seats on the bank's nine-member rate-setting committee. This potential move could lead to a historic representation of women on the committee. Cecilia Machado, chief economist at BOCOM BBM, is a contender for the economic policy director role. Marina Copola, a specialist in economic and commercial law and a current director at the CVM, is being considered for a financial system oversight role.
If these appointments are finalized, it would mark a significant milestone, bringing the total number of women on the committee to three, including current citizenship director Izabela Correa. Historically, the central bank's board has been predominantly male, with only six women serving among 142 past members. President Luiz Inacio Lula da Silva will make the final decisions on these nominations, which have remained unfilled since January.
