Controversial nominee joins Paraguayan board
Central bank continues tightening process with fourteenth straight hike as inflation slows
The Paraguayan senate approved the appointment of Carmen Marín, an administration official and former vice-minister of finance, to the central bank’s board.
A former central bank governor, Carlos Fernández Valdovinos, and the head of the central bank union, Marcello Zaracho, have criticised Marín’s appointment. They claimed her continued connection with the finance ministry constituted a conflict of interest which undermined the central bank’s independence. Zaracho called it a “clear conflict
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