Brazil’s Senate Approves Ilan Goldfajn as Central Bank President

Paulo Trevisani – The Wall Street Journal, 06/07/2016

Brazil’s Senate on Tuesday gave the green light to economist Ilan Goldfajn to succeed Alexandre Tombini as central bank president with the mission to drive down inflation amid a deep recession.

Speaking to senators at the chamber’s economic-affairs committee hours earlier, Mr. Goldfajn pledged to drive the inflation rate down to a target the bank has missed the past six years.

Interim President Michel Temer nominated Mr. Goldfajn, a former central bank director who was chief economist at Brazil’s largest private bank, Itaú Unibanco.

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