Brazil­ian bank chief ready to fight in­fla­tion

China Daily (Canada) - - BUSINESS -

The new pres­i­dent of Brazil’s cen­tral bank, Ilan Gold­fajn, said that he will seek to fight in­fla­tion and fo­cus on the “macroe­co­nomic tri­pod,” namely fluc­tu­at­ing ex­change rates, fis­cal re­spon­si­bil­ity and con­trolled in­fla­tion. In a cer­e­mony at the cen­tral bank head­quar­ters in Brazil, Gold­fajn of­fi­cially took up the post and said that the in­sti­tu­tion’s main mis­sion was to en­sure sta­bil­ity by bring­ing in­fla­tion un­der con­trol. “It is im­por­tant to high­light that the ef­fi­ciency of our mone­tary pol­icy will be greater, de­pend­ing on the suc­cess of re­forms and on the re­turn of fis­cal re­spon­si­bil­ity,” he said in a speech.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.