Haddad is expected to step down this week to run for Governor of São Paulo, the Central Bank should decide on the benchmark interest rate, and Motta will meet with party leaders to discuss the week’s legislative agenda

BRAZIL POLITICS - Report 16 Mar 2026 by Murillo de Aragão and Cristiano Noronha

Finance Minister Fernando Haddad (PT) is expected to step down from his post this week. On Thursday (Mar. 19), he is scheduled to present a review of his tenure during an event in São Paulo alongside President Lula. Haddad will run for governor of São Paulo. The Central Bank’s Monetary Policy Committee (Copom) will meet on Tuesday and Wednesday (Mar. 17–18) to decide on the benchmark interest rate (Selic), currently at 15% per year. Today, Lower House President Hugo Motta (Republicanos–PB) will meet with party leaders to discuss the week’s legislative agenda. The Lower House may vote on the complementary bill addressing bank resolution mechanisms, a priority issue on the Central Bank’s regulatory agenda.

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