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Don't Muddy My Inflation Goal, Says Brazil Central Bank Boss

  • Brazil government wants to formalize bank’s de facto autonomy
  • Some proposals suggest bank should also target jobs or growth
Updated on

Brazil’s central bank should stick to keeping prices in check rather than muddying that task by also targeting jobs and growth, the bank’s president, Ilan Goldfajn, told Bloomberg News.

After the central bank’s success in getting inflation under control, the government now wants to enshrine its autonomy in law. While welcoming the prospect, Goldfajn was wary of proposals to add employment to the institution’s duties.