Bolsonaro and Lula trade sharp jabs in Brazil's final pre-runoff debate
Brazil's presidential rivals clashed over living costs and corruption two days before the runoff, with opinion polls showing a near tie.
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what happened
Senator Flavio Bolsonaro and President Luiz Inacio Lula da Silva argued over the cost of living and traded personal attacks on Friday during their last presidential debate before the Sunday runoff. Both candidates tried to win over undecided voters in a tight race.
According to Reuters, polls this week show the two about even. Bolsonaro led Lula in the first round earlier this month, but the gap has narrowed. The more than two-hour debate, hosted by broadcaster Globo, focused on living costs, welfare, security and corruption allegations. Toward the end, the candidates also questioned each other over links to the Banco Master fraud case.
Under Brazilian electoral law, candidates cannot broadcast radio or TV campaign ads from Saturday, though they can still hold rallies until the end of the day.
why it matters
Markets will watch expectations for policy and the budget after the vote. The Brazilian real, stocks and bonds are sensitive to the outcome and to how tax and social spending plans may change.
market impact
Brazil: the election outcome moves the real, Bovespa and local bonds through policy expectations
tags
instruments
sources
- Bolsonaro and Lula clash on living costs, corruption in final Brazil election debate — Reuters, 24 October 2026 at 04:35 UTC
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