Senate backs Tombini to central bank of Brazil

Brazil's Senate Economic Affairs Committee on 24 May recommended the Senate confirm the nomination of Alexandre Tombini as central bank director for special studies.

Finance Minister Antonio Palocci nominated Tombini, 40, an economist at the central bank, to replace Eduardo Loyo, who left the post last month.

Tombini would be one of the nine board members, led by bank President Henrique Meirelles, who set the country's interest rate at its monthly meetings.