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BRAZIL: Nomination of New BCB Governor Will Not Occur Before September Meeting

BRAZIL
  • Reuters have reported that a senate committee hearing to confirm President Lula's nomination for the new BCB Governor will not occur before the BCB's next policy meeting and it is likely to be pushed until October."
  • Vanderlan Cardoso, the senator who chairs the economic affairs committee and is responsible for setting a date for the hearing, said on Tuesday he would not schedule it for Sept. 10, as some government members had speculated.

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