LatAm Daily | In Brazil, a new BCB governor was appointed by the new administration
Published on Wednesday, May 18, 2016
LatAm Daily | In Brazil, a new BCB governor was appointed by the new administration
Summary
Ilan Goldfajn was appointed to replace Alexandre Tombini as head of the monetary authority. We believe that under the new governor the BCB will strengthen its commitment to low inflation. In Chile, the CB kept MPR at 3.5%, as expected. The pace of adjustment will be data-dependent over inflation. We expect neutral bias for rates in the coming months.
Geographies
- Geography Tags
- Latin America
- Brazil
- Colombia
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist