People: Central Bank of Brazil deputy governor resigns

Fernanda Nechio
Fernanda Nechio
Marcos Oliveira/Agência Senado

Brazil: The Central Bank of Brazil’s deputy governor Fernanda Nechio is resigning early, it announced on March 18. In an official statement, governor Roberto Campos Neto said her resignation was due to personal reasons.

The announcement came a day after the central bank increased interest rates by 75 basis points to 2.75%. It was the first rate hike in six years, and the first among G20 central banks in 2021.

Nechio is expected to finish her term in office after the next monetary policy

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