Reported about 7 hours ago
Brazil's President Lula has nominated three new members to the central bank board as pressure mounts for increased interest rate hikes to address rampant inflation and economic concerns. Nilton David will serve as director of monetary policy, with Gilneu Vivan and Izabela Correa taking roles in regulation and institutional relations, respectively. The central bank's upcoming decisions are critical as inflation forecasts continue to exceed targets, prompting expectations of significant hikes at the next policy meeting.
Source: YAHOO