Brazil’s Senate Confirms Campos Neto as Central Bank Chief
Brazil's Senate confirmed Roberto Campos Neto as central bank governor on Tuesday, after he stressed that controlling inflation and reining in public spending were critical to supporting economic growth. Much work must still be done to secure Brazil's economic recovery, Campos Neto told the Senate's economic committee at his confirmation hearing. He indicated there would be little change, if any, to monetary policy, echoing the central bank's current stance that decisions are based on "caution, serenity and perseverance." The Senate approved Campos Neto by a vote of 55 in favor to six opposed, following unanimous confirmation by the economic committee. He will officially assume the role with the signature of President Jair Bolsonaro, likely later this week. Campos Neto is a former senior executive at Banco Santander Brasil SA. A…