Brazil's Senate approves 3 central bank directors

Brazil's central bank has approved the nomination of three new directors with an overwhelming majority.

Source: Reuters

Brazil's Senate on Thursday March 13 approved three new Central Bank directors who had been nominated to the bank's board by the new government of President Luiz Inacio Lula da Silva, lawmakers said.

Luiz Augusto Candiota, who is replacing Luiz Fernando Figueiredo as monetary policy director, won 60 votes versus six against.

Paulo Sergio Cavalheiro, who will become the bank's ne