Moderate may head Brazil's central bank

The debate over who will take charge of Brazil's central bank continues as we hear that a moderate economist is going to be appointed by the incoming leftist government to head the Banco Do Brasil, a Brazilian newspaper reported Wednesday. The outgoing Fraga has urged the new government to give operational autonomy to the central bank.

The appointment of Pedro Bodin de Moraes would ease pressure on the future government of Luiz Inacio Lula da Silva, as it faces the possibility of rising inflation

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