Rousseff Appoints Tombini as Brazil Central Bank Chief

Brazilian President-elect Dilma Rousseff will cut spending, avoid new expenditures and maintain the central bank’s operational autonomy to target an annual 4.5 percent inflation, Finance Minister Guido Mantega and newly appointed central bank President Alexandre Tombini said.

Rousseff named Tombini as central bank chief, Mantega as finance minister and Miriam Belchior as planning minister starting Jan. 1, when Rousseff takes over the presidency from Luiz Inacio Lula da Silva. Belchior said the government will also seek to improve the quality of government outlays.