Central Bank President Ilan Goldfajn on Wednesday gave even stronger indications that the Monetary Policy Committee (Copom) considers intensifying interest-rate cuts from January and defended the institution from recent criticisms from the market and businesspeople, which argue he’s been insensitive to the recession. "We are doing what has to be done. We are part of the solution, and this will be appreciated by society," said Ilan during breakfast with reporters. "We are on the right track from the monetary policy standpoint." In a brief speech, Ilan said that, thanks to the recovery of credibility and the work of anchoring expectations, the BC has made room to start cutting interest rates.
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About Me
- Waldemar Jezler
- For over 30 years, Brazilian-American investment banker Waldemar Jezler has worked in the finance sector. Jezler earned his Bachelor's degree in Civil Engineering from the University of São Paulo in Brazil and then went on to attend Harvard Business School for his MBA. While at Harvard, Jezler was highly involved in extracurricular activities, including a term as President of the Ibero American Club.