Brazil's Senate confirms Ilan Goldfajn as new central bank chief

Reuters

Published Jun 07, 2016 05:49PM ET

Updated Jun 07, 2016 06:20PM ET

Brazil's Senate confirms Ilan Goldfajn as new central bank chief

SAO PAULO (Reuters) - The Brazilian Senate on Tuesday confirmed Ilan Goldfajn, former chief economist with Itau Unibanco, as the new president of the central bank, in the latest change in the economic team that aims to regain investors confidence.

Goldfajn, who was central bank director of economic policy between 2000 and 2003, is considered a bright economist and is expected to improve the reputation of a bank accused of bowing to political pressure to revive a moribund economy.