Approval of Brazil's Lula goes up in July with support on cenbank view, poll shows

Reuters
·1 min read
Brazil's President Lula meets with Japan PM Kishida, in Brasilia

SAO PAULO (Reuters) - Approval of Brazil's President Luiz Inacio Lula da Silva went up in July to the highest level in 2024, a poll showed on Wednesday, with most respondents having favorable views on his criticism of the central bank's interest rate policy.

Approval of Lula's way of governing rose to 54% this month from 50% in May, according to the survey conducted by pollster Genial/Quaest, while disapproval slipped to 43% from 47% in the previous survey.

According to Genial/Quaest, 87% of the poll respondents agreed with Lula's opinion that interest rates in Brazil are way too high.

While 66% showed support for his public criticism of the central bank's policy stance, the poll also found that 64% of the people polled had never "heard of" Lula's bashing of the monetary authority.

The poll also showed that 53% of people did not see recent comments from Lula as the reason behind the weakening of the Brazilian real against the U.S. dollar, with 34% holding him accountable and 13% not knowing how to answer.

The Brazilian currency has fallen more than 10% so far in 2024, recently hit by a strong greenback and, according to market participants, fears about Lula's commitment to his government's fiscal targets and his feud with central bank head Roberto Campos Neto.

The Genial/Quaest survey heard 2,000 people eligible to vote from July 5-8. The poll had an error margin of plus or minus 2 percentage points.

(Reporting by Luana Maria Benedito; Editing by Chizu Nomiyama)

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