In today’s issue: A new boss for Brazil’s Central Bank. Government tries to reorganize support base in Congress. Bolsonaro not so popular at kick-off.
A new boss for Brazil’s Central Bank
The Senate approved the nomination of economist Roberto Campos Neto—President Jair Bolsonaro’s pick to lead the Central Bank. During his confirmation session, Mr. Campos praised the legacy of Ilan Goldfajn, whom he will replace, and defended laws to ensure the independence of the monetary policy institution, as a way of reducing the perception of risk around the Brazilian economy. He also called for a trimmed-down version of the government.