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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

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Minister Padilha Says Government Does Not Intend To Make Central Bank Changes

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  • BRAZIL INSTITUTIONAL RELATIONS MINISTER PADILHA SAYS GOVERNMENT DOES NOT INTEND TO MAKE ANY CHANGES REGARDING CENTRAL BANK -TWITTER - Reuters News
  • The comments come following overnight comments from president Lula potentially downplaying the importance of central bank independence.
    • He said: “there was a lot of discussion in this country to have an independent central bank, believing that it would be better. It’s silly to think that an independent central bank governor is going to do more than when the president appointed him.”
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  • BRAZIL INSTITUTIONAL RELATIONS MINISTER PADILHA SAYS GOVERNMENT DOES NOT INTEND TO MAKE ANY CHANGES REGARDING CENTRAL BANK -TWITTER - Reuters News
  • The comments come following overnight comments from president Lula potentially downplaying the importance of central bank independence.
    • He said: “there was a lot of discussion in this country to have an independent central bank, believing that it would be better. It’s silly to think that an independent central bank governor is going to do more than when the president appointed him.”