LatAm Daily | In Brazil, a new BCB governor was appointed by the new administration

Summary

Ilan Goldfajn was appointed to replace Alexandre Tombini as head of the monetary authority. We believe that under the new governor the BCB will strengthen its commitment to low inflation. In Chile, the CB kept MPR at 3.5%, as expected. The pace of adjustment will be data-dependent over inflation. We expect neutral bias for rates in the coming months.

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