Goldfajn’s vision: An interview with Brazil’s new central bank chief

Ilan Goldfajn, the current chief economist at Itaú BBA, Brazil’s largest investment bank, will likely take office soon as President of the Brazilian central bank, pending approval by the Senate. By Thierry Ogier Shortly before he was picked for his new post by finance minister Henrique Meirelles, another central banker (2003-2010), the 50 year-old Haifa-born Goldfajn spoke to Latin Trade about the prospects for growth, falling interest rates and political consensus for reforms. Before his return to the central bank, Goldfajn, a former economic policy director under Arminio Fraga’s governorship (2000-2003), sounded dovish. Fiscal policy will be tight under Meirelles, but monetary policy may be looser than expected in other areas. Goldfajn predicts that the Selic interest rate (currently at […]

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