Brazil may shelve central bank autonomy idea

Brazil's government, headed by President Luiz Inacio Lula da Silva, is likely to shelve plans for increased central bank independence this year, after renewed investor confidence following last year's programme of economic austerity.

Leftwingers within Mr Lula da Silva's Workers' party (PT) oppose granting the central bank more autonomy, and its leaders want to avoid another round of internal strife after controversial reforms last year.

"It's a highly ideological issue and I don't see it on

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