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Brazil’s Ilan Goldfajn Gets Central Bank Job in Senate Vote

  • Senate voted 56 to 13 in favor of Goldfajn nomination
  • Monetary policy, not currency best to anchor CPI: Goldfajn
Updated on

Brazil’s Senate confirmed Ilan Goldfajn as the country’s next central bank chief, putting him in charge of controlling above-target inflation without exacerbating the worst recession in over a century.

Senators voted 56 to 13 in favor of the former chief economist at Itau Unibanco Holding SA. Goldfajn won’t participate in the rate decision on Wednesday during which economists expect the central bank to hold borrowing costs at 14.25 percent.